Customer Reviews

Damodaran on Valuation: Security Analysis for Investment and Corporate Finance (Wiley Finance)

5 star:		(7)
4 star:		(1)
3 star:		(0)
2 star:		(0)
1 star:		(2)

 

 

I saw the author speak at a conference which prompted me to buy the book. His presentation and book nicely merge theory with practice -- too many valuation books are academic and don't deal with the real-life problems. He seems to anticipate the types of real-life challenges you'll get and then tells you how to handle them (about half the book addresses these "loose ends" that aren't always covered in more basic valuation material). I especially like that he's embraced valuation methods beyond DCF (such as P/E and P/B) because purists tend to dismiss these other methods as too crude for serious consideration(in his book he acknowledges that only 10% of Wall Street valuations are done with DCF). His web site is great for practitioners because you can download the raw numbers for thousands of companies and do the valuation steps he highlights in the book.

Damodaran is widely known in the academic/financial arena. The second edition clears up many hiccups in the first edition. There are other books out there that will provide you with most of the information in this book, but not with as much detail and explanation. Also, this book is written very well. It does a great job of keeping the student's interest and not sounding too dry (most of the time). I bought this for one finance class, and have used it as a supplement in nearly all other finance classes. Every finance professor I have asked about Damodaran speaks very highly of him. Although this book material/methodology sticks primarily to the academic world, it still provides the reader with the real-world content and thorough understanding that will be needed in the business world. If you want a truly detailed yet practical analysis of valuation, then this is the book for you.

The book focuses too much on theoretical approaches. The methods are presented in a verbose manner. A lot of the information is irrelevant for practical use.

This is the best book which I have in this field. For me this is an Encyclopedia of fundamental analysis

Something what I can recommend

This book is for individuals that are serious about valuation. Professor Damodaran provides a clear framework regarding key issues that need to be addressed during company valuation.

This is a must read.

This is an amazing book for those who want to know everything about valuation.It has all concepts and real examples. Highly recommended.

I purchased this book for a class which I took and found it to be very informative.

Damodaran on Valuation is the best tutor on valuation short of sitting in his actual class. Anyone that practices valuation on a regular basis needs to have this book on the shelf.

www.apheleon.com

Very useful book for every Investment analyst.

Special credits to Amazon for their perfect shipping - 10 days from order to delivery in BG with standard shipping option!!!

Good for the classroon, not the real world. Almost a total emphasis on disocunted cash flow, not used much by most practitioners.