The Theory of Investment Value [Paperback] [2012] (Author) John Burr Williams

This book was first printed in 1938, having been written as a Ph.D. thesis at Harvard in 1937. Our good friend, Peter Bernstein mentioned this book several times in his excellent Capital Ideas which was published in 1992. Why the book is interesting today is that it still is important and the most authoritative work on how to value financial assets. As Peter says: "Williams combined original theoretical concepts with enlightening and entertaining commentary based on his own experiences in the rough-and-tumble world of investment." Williams' discovery was to project an estimate that offers intrinsic value and it is called the 'Dividend Discount Model' which is still used today by professional investors on the institutional side of markets. Appendix, Tables, Index.

• Common Stocks and Uncommon Profits and Other Writings
• The Interpretation of Financial Statements
• Security Analysis: Sixth Edition, Foreword by Warren Buffett (Security Analysis Prior Editions)
• The Alchemy of Finance
• Against the Gods: The Remarkable Story of Risk
• The Essays of Warren Buffett: Lessons for Corporate America, Fourth Edition
• The Warren Buffett Way
• One Up On Wall Street: How To Use What You Already Know To Make Money In The Market
• Mastering the Market Cycle: Getting the Odds on Your Side
• Big Debt Crises