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4 of 7 people found the following review helpful:
5.0 out of 5 stars Best Valuation Tool Available
Pratt took his many years of valuation experience and put it in this one book. The book reviews the theory and practice of how to derive a discount rate for use in a DCF. At present, it's the best book in print for appraisers.
Published on December 18, 2000 by Michael J. Remsha

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24 of 49 people found the following review helpful:
1.0 out of 5 stars 101 Fudge Factors For Those Ignorant of Risk Neutral Pricing
This book should be titled "I do not know how to price all risks when valuing companies so here are 101 fudge factor guesses I use instead". This is the wrong way to value companies and is inconsistent with financial asset pricing theory. Look elsewhere for better resources.
Published on May 29, 1999


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4 of 7 people found the following review helpful:
5.0 out of 5 stars Best Valuation Tool Available, December 18, 2000
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Pratt took his many years of valuation experience and put it in this one book. The book reviews the theory and practice of how to derive a discount rate for use in a DCF. At present, it's the best book in print for appraisers.
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24 of 49 people found the following review helpful:
1.0 out of 5 stars 101 Fudge Factors For Those Ignorant of Risk Neutral Pricing, May 29, 1999
By A Customer
This book should be titled "I do not know how to price all risks when valuing companies so here are 101 fudge factor guesses I use instead". This is the wrong way to value companies and is inconsistent with financial asset pricing theory. Look elsewhere for better resources.
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