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Theory of Investment Value by John B. Williams (1997, Trade Paperback)

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About this product

Product Identifiers

PublisherFraser Publishing Company

ISBN-10087034126X

ISBN-139780870341267

eBay Product ID (ePID)10038735546

Product Key Features

TopicInvestments & Securities / General

Book TitleTheory of Investment Value

Publication Year1997

Number of Pages648 Pages

LanguageEnglish

FeaturesReprint

GenreBusiness & Economics

AuthorJohn B. Williams

FormatTrade Paperback

Additional Product Features

Intended AudienceTrade

LCCN97-060587

TitleLeadingThe

Edition DescriptionReprint

SynopsisThis 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