Michael Mauboussin recommends Valuation for quant traders.
One of Bill Gurley's recommended books for learning the basics of investing.
"Valuation" by Tim Koller provides a comprehensive and practical framework for accurately evaluating companies and determining their worth. Drawing upon extensive research and real-world case studies, Koller introduces readers to the concepts and techniques that are essential for successful valuation analysis.
In this highly regarded book, Koller presents various approaches to valuation, including discounted cash flow (DCF), market multiples, and economic value added (EVA). He breaks down each method to help readers understand their strengths, weaknesses, and appropriate applications.
The author emphasizes the importance of understanding key drivers and risks specific to different industries and explains how to incorporate these factors into the valuation process. Koller also delves into advanced topics such as interpreting valuation results, deal structure considerations, and post-merger integration.
With its clear explanations and practical examples, "Valuation" equips readers with the knowledge and tools needed to conduct accurate valuations of companies in a range of industries. Koller's expertise and insights make this book an indispensable resource for investors, analysts, and professionals involved in corporate finance and mergers and acquisitions.
Overall, "Valuation" is a must-read for anyone seeking to enhance their understanding of company valuation techniques and make informed investment decisions based on sound financial analysis.