Book description
The definitive source of information on all topics related to
investment valuation tools and techniques
Valuation is at the heart of any investment decision, whether that
decision is buy, sell or hold. But the pricing of many assets has
become a more complex task in modern markets, especially after the
recent financial crisis. In order to be successful at this endeavor,
you must have a firm understanding of the proper valuation techniques.
One valuation book stands out as withstanding the test of time among
investors and students of financial markets, Aswath
Damodaran'sInvestment Valuation.
Now completely revised and updated to reflect changing market
conditions, this third edition comprehensively introduces investment
professionals and students to the range of valuation models available
and how to chose the right model for any given asset valuation
scenario. This edition includes valuation techniques for a whole host
of real options, start-up firms, unconventional assets, distressed
companies and private equity, and real estate. All examples have been
updated and new material has been added.
- Fully revised to incorporate valuation lessons learned from the
last five years, from the market crisis and emerging markets to
new types of equity investments
- Includes valuation practices across the life cycle of companies
and emphasizes value enhancement measures, such as EVA and CFROI
- Contains a new chapter on probabilistic valuation techniques
such as decision trees and Monte Carlo Simulation
- Author Aswath Damodaran is regarded as one of the best educators
and thinkers on the topic of investment valuation
This indispensable guide is a must read for anyone wishing to gain a
better understanding of investment valuation and its methods. With it,
you can take the insights and advice of a recognized authority on the
valuation process and immediately put them to work for you.
ASWATH DAMODARAN is Professor of Finance at New York
University's Leonard N. Stern School of Business. He has been the
recipient of numerous awards for outstanding teaching, including the
NYU university-wide Distinguished Teaching Award, and was named one of
the nation's top business school teachers by BusinessWeek in 1994. In
addition, Damodaran teaches training courses in corporate finance and
valuation at many leading investment banks. His publications include
Damodaran on Valuation: Security Analysis for Investment and
Corporate Finance; Investment Valuation; Corporate
Finance; Investment Management; and Applied Corporate
Finance, all published by Wiley, and The Dark Side of Valuation.
