The Theory of Investment Value book by John Burr Williams
This book was first printed in 1938, having been written as a Ph.D. thesis at Harvard in 1937. Our good friend, Peter Bernstein mentioned this book several times in his excellent Capital Ideas which was published in 1992. Why the book is interesting today is that it still is important and the most authoritative work on how to value financial assets. As Peter says: "Williams combined original theoretical concepts with enlightening and entertaining commentary based on his own experiences in the rough-and-tumble world of investment." Williams' discovery was to project an estimate that offers intrinsic value and it is called the 'Dividend Discount Model' which is still used today by professional investors on the institutional side of markets. Appendix, Tables
Book Specifications
Book Title
You are viewing an alternative format/edition for this title. You can proceed directly to this book's page to complete your purchase.
People who bought this also bought
Field Guide to the Larger Mammals of Africa book by Chris Stuart
Behind the Beautiful Forevers: Life, Death, and Hope in a Mumbai Undercity book by Katherine Boo
How Remarkable Women Lead: The Breakthrough Model for Work and Life book by Joanna Barsh
The New Testament and Wycliffe Bible Commentary: Parallel Edition
Soul Craving: An Invitation to the Feast That Satisfies book by Joel Warne
Scalia's Court: A Legacy of Landmark Opinions and Dissents book by Kevin A. Ring
Everyday Moments With God: Prayers for Women book by Valorie Quesenberry
Without Pity: Ann Rule's Most Dangerous Killers book by Ann Rule
Beyond Machiavelli : Tools for Coping With Conflict book by Roger Fisher
Invisible Cure: Africa, the West and the Fight Against AIDS book by Helen C. Epstein
The rise and fall of paradise: When Arabs and Jews Built a Kingdom in Spain book by Elmer Bendiner
Loving What Is: Four Questions That Can Change Your Life book by Byron Katie
Stories for a Kindred Heart: Over 100 Treasures to Touch Your Soul
Unity and Struggle: Speeches and Writings of Amilcar Cabral book by Amilcar Cabral
From Bush to Bush. Journey to Liberty in South Sudan book by Steven Wondu