Good forecasts of the future financial statements are the key input to a good valuation. Most other aspect of the valuation process are mechanical and can be programmed into a computer. In fact, this text is supplied with eVal, an Excel-based computer program that takes care of these mechanical tasks. The topics of this book like business strategy analysis, accounting quality analysis, financia…
This book is designed to shift investors and those who advise them to a new paradigm for personal investment. Asset allocation has reigned supreme in the marketplace of financial ideas since the 1980s. It has become such a dominant paradigm that it is no longer possible to have a conversation about finances without hearing something about asset allocation.
Filled with in-dept insights and practical advice, this comprehensive investment resource will put you on the path to investment success. Opening with detailed discussions of distinguishing noise from information, the notion of an efficient market, and other relevant issues, the first part of this book will help you regain your investment bearings.