The Theory of Investment Value. John Burr Williams

The Theory of Investment Value


The.Theory.of.Investment.Value.pdf
ISBN: 9781607964704 | 650 pages | 17 Mb


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The Theory of Investment Value John Burr Williams
Publisher: Beta Nu Publishing



Williams is a founder of fundamental analysis and his 1938 book, 'The Theory of Investment Value', is one of the most popular investing books in history. Rather than having intrinsic value it matters more for its extrinsic qualities as the means to certain ends (The same statements can be made for taking art as edification, art as inspiration, art as provocation, etc.). In the case of a low-return business requiring incremental funds, growth hurts the investor. 2) Can the business be purchased at a significant discount to its value? Recently, the Financial Accounting Standards Board (FASB), to achieve consistency with its counterpart across the pond (at least that was the theory), set out to measure some investment properties at fair value. 1) What is the value of the business? Only when each dollar used to finance the growth creates over a dollar of long-term market value. The Theory of Investment Value was first written as a Ph.D. Yes, of course, the quality of what you are attending to matters, and, certainly, great “artworks” are exquisitely designed to reward an individual's investment of the verbs of art (humans haven't designed anything more rewarding than master artworks), but the . The author John Burr Williams held four degrees from Harvard. The Theory of Investment Value.





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