When writing this book, we seem to have just exited the worst financial
crisis since the 1930s. It is not clear how it will all end and if it really is
over. New clouds on the capital markets horizon involve debt defaults of
southern European countries and gargantuan deficits in the US and UK.
Even capitalism, until recently at its peak of global reputation, has come
under unusual pressure to reform. Nonetheless, it seems that the system
is still working, the worst case scenario has been avoided and corporate
agendas are switching back from survival to value creation again.
The principles described in this book have not changed based on recent
events. Valuation is still conducted in the same way and with the same
methodology. Richard Brans ...