Investment Valuation: Tools and Techniques for Determining the Value of Any Asset, Second Edition
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Manufacturer: Wiley
Author: Aswath Damodaran
Publisher: Wiley
Investment Valuation: Tools and Techniques for Determining the Value of Any Asset, Second Edition Description
Binding: Hardcover
Dewey Decimal Number: 658.15
EAN: 9780471414889
ISBN: 0471414883
Label: Wiley
Manufacturer: Wiley
Number Of Items: 1
Book Pages: 992
Publication Date: 2002-01-18
Publisher: Wiley
Studio: Wiley
Dewey Decimal Number: 658.15
EAN: 9780471414889
ISBN: 0471414883
Label: Wiley
Manufacturer: Wiley
Number Of Items: 1
Book Pages: 992
Publication Date: 2002-01-18
Publisher: Wiley
Studio: Wiley
Editorial Review of Investment Valuation: Tools and Techniques for Determining the Value of Any Asset, Second Edition
Investment Valuation
Tools and Techniques for Determining the Value of Any Asset
Valuation is at the heart of every investment decision, whether that decision is to buy, sell, or hold. But the pricing of any financial asset has become a more complex task in modern financial markets. Now completely revised and fully updated to reflect changing market conditions, Investment Valuation, Second Edition, provides expert instruction on how to value virtually any type of asset-stocks, bonds, options, futures, real assets, and much more.
Noted valuation authority and acclaimed NYU finance professor Aswath Damodaran uses real-world examples and the most current valuation tools, as he guides you through the theory and application of valuation models and highlights their strengths and weaknesses.
Expanded coverage addresses:
* Valuation of unconventional assets, financial service firms, start-ups, private companies, dot-coms, and many other traditionally valued assets
* Risk in foreign countries and how best to deal with it
* Using real option theory and option pricing models in valuing business and equity
* The models used to value different types of assets and the elements of these models
* How to choose the right model for any given asset valuation scenario
* Online real-time valuations that are continually updated at www.damodaran.com
A perfect guide for those who need to know more about the tricky business of valuation, Investment Valuation, Second Edition, will be a valuable asset for anyone learning about this critical part of the investment process.
Tools and Techniques for Determining the Value of Any Asset
Valuation is at the heart of every investment decision, whether that decision is to buy, sell, or hold. But the pricing of any financial asset has become a more complex task in modern financial markets. Now completely revised and fully updated to reflect changing market conditions, Investment Valuation, Second Edition, provides expert instruction on how to value virtually any type of asset-stocks, bonds, options, futures, real assets, and much more.
Noted valuation authority and acclaimed NYU finance professor Aswath Damodaran uses real-world examples and the most current valuation tools, as he guides you through the theory and application of valuation models and highlights their strengths and weaknesses.
Expanded coverage addresses:
* Valuation of unconventional assets, financial service firms, start-ups, private companies, dot-coms, and many other traditionally valued assets
* Risk in foreign countries and how best to deal with it
* Using real option theory and option pricing models in valuing business and equity
* The models used to value different types of assets and the elements of these models
* How to choose the right model for any given asset valuation scenario
* Online real-time valuations that are continually updated at www.damodaran.com
A perfect guide for those who need to know more about the tricky business of valuation, Investment Valuation, Second Edition, will be a valuable asset for anyone learning about this critical part of the investment process.
Customer Reviews of Investment Valuation: Tools and Techniques for Determining the Value of Any Asset, Second Edition
Customer Rating: 
Review Summary: Very Informative - Not the easiest read
Review: This book gives a good description of the theory behind different valuation techniques. It is very detailed and very helpful. The only downside is that it is hard to get through at times.
Customer Rating:
Review Summary: Comprehensive View of Investment Valuation
Review: An overall excellnet text on valuing any asset. The author does a wonderful job of highighting the only 3 rational ways to value any asset: discounted cash flows, relative valuation, and the options pricing model. This book may help you consider the value of assets using all 3 methods to arrive at a true valuation for your purchase or divestment.
A must have for anyone who values assests.
Customer Rating:
Review Summary: A great reference for any finance student
Review: Like other reviewers have said, this book should not be used as an undergraduate textbook. But as a reference book it is among the best for reviewing valuation principals. It covers many asset classes, including equities, bonds, options, futures, and real estate. This book also does a good job of breaking down principals used for valuing various firms (private, start-ups, takeover targets).
The real value for me, however, was its explanations of various DCF models and how they are used: adjusted present value, equity valuation, and firm valuation. The material does a good job of getting to the reason behind the numbers and not just how to use them (such as its explanations on how to determine a terminal value).
In summary, a great read for an undergrad or graduate finance student who wants to get familiar with valuation techniques, or even for an analyst who needs to brush up.
Customer Rating:
Review Summary: Best valuation book I've read
Review: From dozens of valuation books I've read, this is the best one. All different views and theories are explained with good examples.
Customer Rating:
Review Summary: Investment Valuation: Tools and Techniques for Determining the Value of Any Asset, Second Edition
Review:
Great, perfect step by step valuation instructions!
Review Summary: Very Informative - Not the easiest read
Review: This book gives a good description of the theory behind different valuation techniques. It is very detailed and very helpful. The only downside is that it is hard to get through at times.
Customer Rating:
Review Summary: Comprehensive View of Investment Valuation
Review: An overall excellnet text on valuing any asset. The author does a wonderful job of highighting the only 3 rational ways to value any asset: discounted cash flows, relative valuation, and the options pricing model. This book may help you consider the value of assets using all 3 methods to arrive at a true valuation for your purchase or divestment.
A must have for anyone who values assests.
Customer Rating:
Review Summary: A great reference for any finance student
Review: Like other reviewers have said, this book should not be used as an undergraduate textbook. But as a reference book it is among the best for reviewing valuation principals. It covers many asset classes, including equities, bonds, options, futures, and real estate. This book also does a good job of breaking down principals used for valuing various firms (private, start-ups, takeover targets).
The real value for me, however, was its explanations of various DCF models and how they are used: adjusted present value, equity valuation, and firm valuation. The material does a good job of getting to the reason behind the numbers and not just how to use them (such as its explanations on how to determine a terminal value).
In summary, a great read for an undergrad or graduate finance student who wants to get familiar with valuation techniques, or even for an analyst who needs to brush up.
Customer Rating:
Review Summary: Best valuation book I've read
Review: From dozens of valuation books I've read, this is the best one. All different views and theories are explained with good examples.
Customer Rating:
Review Summary: Investment Valuation: Tools and Techniques for Determining the Value of Any Asset, Second Edition
Review:
Great, perfect step by step valuation instructions!