Tuesday, July 24, 2007
Chapter 1 Key Points:
Firm Foundations and Castles in the Air
The firm foundation theory – argues that every investment instrument has a firm anchor in what is known as intrinsic value.
Discounting involves counting money backwards (95 cents today is worth a 1$ next year)
John b Williams argues that intrinsic value of a stock is equal to the present or discounted value of all its future dividends
Firm Foundations and Castles in the Air
The firm foundation theory – argues that every investment instrument has a firm anchor in what is known as intrinsic value.
Discounting involves counting money backwards (95 cents today is worth a 1$ next year)
John b Williams argues that intrinsic value of a stock is equal to the present or discounted value of all its future dividends
Labels: Books, Literature
posted by Joe at
8:23 PM
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