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The Theory of Investment Value John Burr Williams
Publisher: Beta Nu Publishing

Theory.” M&M showed that the value of a firm (and of its cash flows) is independent of the ratio of debt to equity used by the firm in financing its investments. The study of the logistics project evaluation model features reviews the traditional value evaluation model. "The Theory of Investment Value" is still in print almost seven decades after it was first published, as a serious academic works on valuation, shows you how to calculate intrinsic value and is full of math. He enrolled as a PhD student at Harvard, and his thesis, which was to explore the intrinsic value of common stock, was published as The Theory of Investment Value. Download The Theory of Investment Value pdf free. In 1938, John Burr Williams wrote a book called "The Theory of Investment Value" that captured the thinking of the time: the dividend discount model. The goal of most investors was to find a good stock and buy it at the best price. This model of corporate financial structure is therefore called the trade-off theory. That would not be forthcoming until 1940. An axiom of financial theory is that an investment's value is the sum of its future cash flows discounted to the present. Williams's dissertation, entitled “The Theory of Investment Value,” did not immediately earn him his doctorate. The theory behind cash value life insurance is that you pay a higher premium, and a portion of your premium is invested in a way that provides you with a return over time. Williams is a founder of fundamental analysis and his 1938 book, 'The Theory of Investment Value', is one of the most popular investing books in history. The Theory of Investment Value John Burr Williams pdf download free. Today's historically low interest rates and investors ' flight to safety have combined to raise interest in dividend-paying stocks. Download all pdf ebooks on ebookboo.com from rapidshare, 4shared, bitorrent.