The Theory of Investment Value Book Summary

In 'The Theory of Investment Value', John Burr Williams presents a groundbreaking framework for evaluating the intrinsic value of investments. He challenges conventional practices, offering a fresh perspective that emphasizes future cash flows over historical prices. This seminal work lays the foundation for modern financial analysis and investment strategies, pre-dating many contemporary valuation methods. With compelling arguments and mathematical rigor, Williams redefines how investors perceive value in the stock market. Dive into this influential text to uncover the principles that continue to shape investment decision-making today.

By John Burr Williams

Published: 1997

""Investment value is determined by the cash flows that an investment can generate over its economic life, not by the whims of the market or the noise of speculation.""

The Theory of Investment ValueBook binding

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Book Review of The Theory of Investment Value

Written as a Ph. D. thesis at Harvard in 1937.-Publisher's website.

Book Overview of The Theory of Investment Value

About the Book Author

J

John Burr Williams

John Burr Williams was a distinguished American economist and author, renowned for his influential works in the field of finance and investment. His seminal book, 'The Theory of Investment Value' (1938), provided foundational insights into the valuation of securities and introduced concepts still relevant in modern finance. Williams is celebrated for his analytical approach and clarity of thought, combining rigorous mathematical analysis with practical insights that appeal to both academics and practitioners. His contributions laid the groundwork for contemporary investment theory and have left an enduring mark on the discipline.

Book Details

Key information about the book.

Authors
John Burr Williams
Published
January 1997
Publisher
Fraser Publishing Company
ISBN
087034126X
Language
English
Pages
N/A
Genres
InvestingFinanceBehavioral FinanceStock Market Investing

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"Investment value is determined by the cash flows that an investment can generate over its economic life, not by the whims of the market or the noise of speculation."

The Theory of Investment Value

By John Burr Williams

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