April 2018
Intermediate to advanced
800 pages
26h 27m
English
book
Dark Side of Valuation, The: Valuing Young, Distressed, and Complex Businesses, Third edition
by Aswath Damodaran
Content preview from Dark Side of Valuation, The: Valuing Young, Distressed, and Complex Businesses, Third edition
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19
The Jedi Way: Vanquishing the Dark Side
Throughout this book, we have emphasized the importance of first principles in valuation and how they should guide us when we’re faced with estimation questions and issues. The dark side of valuation, as we have described it, takes different forms with different types of firms. The remedies we offer also vary with each type. This chapter pulls together some of the core ideas that allow us to combat the pull of the dark side. In the process, we quickly review the foundations of what we would like to portray as the enlightened side of valuation.
Enlightening Propositions
When confronted with uncertainty or missing information, we are tempted to adopt loosely backed rules of thumb and make inconsistent ...
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