Penman, Stephen

Accounting for Value

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ISBN 13:
9780231151184
author:
Penman, Stephen
format:
HardBack
publisher:
Columbia University Press
language:
English
Publication Year:
2011
Pages:
264
Dimensions:
23.1 x 15 x 2.3 cm
Genre:
Economics
Condition:
New
Availability:
Item usually sent within 7 working days
£27.93

Description

Accounting for Value by Stephen H. Penman offers a fresh approach to evaluating equity investments. By focusing on the fundamental principles of accounting, Penman shows that valuation and accounting are closely linked: it's about accounting for value. Penman returns to common-sense investing ideas, such as price being what you pay but value being what you get, and the risk in investing being the risk of paying too much. He provides practical tools for intelligent investors, helping them avoid overpaying for stocks and understand the likely return on growth investments. This book also offers a new perspective on calculating costs and understanding stock returns. By combining accounting principles with quantification, Penman equips investors to think like accountants, better equipped to navigate market fluctuations.

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