July 2009
Intermediate to advanced
600 pages
19h 50m
English
book
The Dark Side of Valuation: Valuing Young, Distressed, and Complex Businesses, Second Edition
by Aswath Damodaran
Content preview from The Dark Side of Valuation: Valuing Young, Distressed, and Complex Businesses, Second Edition
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The Dark Side
Every valuation is affected to some extent by the views that analysts have about how real growth and inflation will evolve over time. Making unrealistic or inconsistent assumptions about macroeconomic variables can result in serious errors in valuation. Idiosyncratic views about how these variables will evolve over time can also overwhelm other inputs into a valuation, making every valuation a joint result of company and macroeconomic views, with little to separate the two.
Unrealistic numbers: As noted in the preceding section, many valuations are either built on implicit assumptions about future growth or based on the assumption that what happened last year is a good measure of what will happen in the future. With both approaches, ...
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I wanted to learn C and C++, but it didn't click for me until I picked up an O'Reilly book. When I went on the O’Reilly platform, I was astonished to find all the books there, plus live events and sandboxes so you could play around with the technology.Addison B.
I’ve been on the O’Reilly platform for more than eight years. I use a couple of learning platforms, but I'm on O'Reilly more than anybody else. When you're there, you start learning. I'm never disappointed.Amir M.
I'm always learning. So when I got on to O'Reilly, I was like a kid in a candy store. There are playlists. There are answers. There's on-demand training. It's worth its weight in gold, in terms of what it allows me to do.