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C**N
Very concise and helpful
Great book for those without a finance background on how to pick good investments. Takes complex topics on valuation metrics and breaks them down into easily understood layman's terms.
S**I
Preferred Valuation Examples in Excel
Disappointed. But will keep the book. Sir, Please include 1 or 2 samples per method in Excel with the Formulas and the Formulas explained clearly or this book is completely useless
W**M
Very well written
Very interesting book
Y**A
Incredibly informative, amazingly concise and digestible
This is a very insightful book for all those who want to know about company valuations. Whether learning to invest, trade or better analyse companies, this book contains all the building blocks. And being so concise, this book is definitely the first one you should read.Especially for students and early career professionals who want to develop their understanding, this book helps develop a great framework for decision making process around analysing companies. After reading this book, you'll have a much much better idea of what to look out for.Mr. Charles has used simple language and explained everything in a way hat any person, with or without knowledge of basic finance, can really absorb the content and further their understanding. The book contains relevant figures, formulas, graphs and charts to aid the understanding. Moreover, the examples used are from companies that are part of our daily life so the readers can very much relate to the content being discussed. Every chapter starts with a quote that captures the essence of the content and ends with a concise summary that helps readers make the most out of their study.In short, I will recommend this book to 1)- All high school/college students looking to study finance 2)- All university students interested in finance careers 3)- Everyone interested in investing, trading or analysing companies
M**R
Value investing.
Much is written about the merits of value investing but it is hard to find out how to actually value a company or a business. This books digs deep into the fundamentals without getting too complicated. I know I will find it very helpful.
Q**1
A very helpful book
The book is well written, has excellent explanations and helpful illustrations. Would highly recommend to anyone considering a career in finance
W**C
Great primer for any new to their investing journey
Thoroughly enjoyed reading this book to remind me of the fundamentals of corporate performance and how to rationally and comprehensively analyse corporate valuations. Would not hesitate to give it to any young ( or old) person starting to show an interest in investing / building a portfolio of equities. It will not only give them a great platform to make sound investment decisions but also real confidence in discussing their investments with any seasoned - or claiming to be seasoned - investor. Well done.
J**.
Limited usefulness due to the lack of real-world examples
This book gives an overview of qualitative and quantitative approaches how to value a company. It describes the fundamentals of intrinsic and relative valuations. It finishes of with “special valuation situations” for leveraged buyouts, merger and acquisitions and early start-up valuations. Not sure whether the target audience (i.e. non-professionals) can make much use of it.What is really missing from this book is a concrete example because I believe the reality is a lot more complicated compared to the impression you get once you have read this book. It would be useful if it took a real-world report from a company and derived a valuation model.Otherwise, if one wanted to develop a DCF model, how does one actually project the cash flows? The author spends a lot of time explaining how to derive the discount factor but nothing is said about the projection other than one could use past trends to predict the future. Again, I believe the reality is more complicated.Therefore, I think this book is not that useful for a novice investors and professionals don’t learn anything new.
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