Koller, Tim, Goedhart, Marc & Wessels, David - Valuation: Measuring and Managing the Value of Companies
/John Wiley & Sons, 2010, [Finance] Grade 5
On a basic level there are two competing mental models of stock values in the financial sector. The first is that the value of something is what someone is prepared to pay for that something. In the equity market this leads to statements such as “the valuation of a stock is low” if the current... Further reading... Link to Amazon...