The Theory of Investment Value by John Burr Williams

The Theory of Investment Value John Burr Williams ebook
Publisher: Beta Nu Publishing
Page: 650
ISBN: 9781607964704
Format: pdf

How else do you explain tax cuts for the rich as a strategy? In the case of a low-return business requiring incremental funds, growth hurts the investor. The Theory of Investment Value. 104: They cannot discount the same event twice. What about the Keynesian model of stimulating an economy through direct investment? Theory.” M&M showed that the value of a firm (and of its cash flows) is independent of the ratio of debt to equity used by the firm in financing its investments. Williams is a founder of fundamental analysis and his 1938 book, 'The Theory of Investment Value', is one of the most popular investing books in history. The Theory of Investment Value by John Burr Williams. The.Theory.of.Investment.Value.pdf. Only when each dollar used to finance the growth creates over a dollar of long-term market value. The Theory of Investment Value By John Burr Williams Cambridge, MA: Harvard University Press 1938. This model of corporate financial structure is therefore called the trade-off theory. Your Price: $25.30- The Theory of Investment Value (Fraser Publishing Library) (Contrary Opinion Library) This book was first printed in 1938, having been written as a Ph.D. This discounted cash-flow valuation method was described by John Burr Williams in his 1938 book, The Theory of Investment Value. John Burr Williams 1938 treatise The Theory of Investment Value is still the definitive word on value. This valuation model was popularlised by John Burr Williams who published “The Theory of Investment Value” in 1938. It's economic theory made political reality. An axiom of financial theory is that an investment's value is the sum of its future cash flows discounted to the present.