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The Dark Side of Valuation: Valuing Young, Distressed, and Complex Businesses, Second Edition
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The Dark Side of Valuation: Valuing Young, Distressed, and Complex Businesses, Second Edition

by Aswath Damodaran
July 2009
Intermediate to advanced
600 pages
19h 50m
English
Pearson
Content preview from The Dark Side of Valuation: Valuing Young, Distressed, and Complex Businesses, Second Edition

Preface

The Dark Side of Valuation, Second Edition

The first edition of this book is showing its age and origins. The idea for the first edition of The Dark Side of Valuation was born at the end of 1999, toward the end of the dot-com boom. It was triggered by two phenomena:

  • The seeming inability of traditional valuation models to explain stratospheric stock prices for technology (especially new technology) companies

  • The willingness of analysts to abandon traditional valuation metrics and go over to the “dark side” of valuation, where prices were justified using a mix of new metrics and storytelling

The publication of the first edition coincided with the bursting of that bubble.

As markets have evolved and changed, the focus has shifted. The bubble ...

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Publisher Resources

ISBN: 9780137036585Purchase book