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Accounting for Value
Stephen Penman
€ 48.99
€ 34.79
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Description for Accounting for Value
Hardback. Series: Columbia Business School Publishing. Num Pages: 264 pages, 13 line drawings, 15 tables. BIC Classification: KFCF; KFFM; KJMD. Category: (P) Professional & Vocational. Dimension: 235 x 158 x 22. Weight in Grams: 592. Series: Columbia Business School Publishing. 264 pages, 13 line drawings, 15 tables. Cateogry: (P) Professional & Vocational. BIC Classification: KFCF; KFFM; KJMD. Dimension: 235 x 158 x 22. Weight: 482.
Accounting for Value teaches investors and analysts how to handle accounting in evaluating equity investments. The book's novel approach shows that valuation and accounting are much the same: valuation is actually a matter of accounting for value. Laying aside many of the tools of modern finance--the cost-of-capital, the CAPM, and discounted cash flow analysis--Stephen Penman returns to the common-sense principles that have long guided fundamental investing: price is what you pay but value is what you get; the risk in investing is the risk of paying too much; anchor on what you know rather than speculation; and beware of paying ... Read more
Accounting for Value teaches investors and analysts how to handle accounting in evaluating equity investments. The book's novel approach shows that valuation and accounting are much the same: valuation is actually a matter of accounting for value. Laying aside many of the tools of modern finance--the cost-of-capital, the CAPM, and discounted cash flow analysis--Stephen Penman returns to the common-sense principles that have long guided fundamental investing: price is what you pay but value is what you get; the risk in investing is the risk of paying too much; anchor on what you know rather than speculation; and beware of paying ... Read more
Product Details
Format
Hardback
Publication date
2011
Publisher
Columbia University Press
Number of pages
264
Condition
New
Series
Columbia Business School Publishing
Number of Pages
264
Place of Publication
New York, United States
ISBN
9780231151184
SKU
V9780231151184
Shipping Time
Usually ships in 7 to 11 working days
Ref
99-33
About Stephen Penman
Stephen Penman is George O. May Professor of Accounting and Morgan Stanley Research Scholar at the Columbia Business School. He is the author of Financial Statement Analysis and Security Valuation, for which he received a Wildman Medal Award, and an editor of the Review of Accounting Studies.
Reviews for Accounting for Value
Penman's book...contains gems on every page - to the point that no one who deals with the market in any capacity should pass by this text until they have committed to memory as many points therein as their limited, mark one, human brains, can hold.
Anthony Harrington QFinance Blog I highly recommend the essential and fundamentals oriented book Accounting ... Read more
Anthony Harrington QFinance Blog I highly recommend the essential and fundamentals oriented book Accounting ... Read more