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This ebook was first printed in 1938, having been written as a Ph.D. thesis at Harvard in 1937. Our good pal, Peter Bernstein talked about this ebook a number of instances in his wonderful Capital Ideas which was printed in 1992. Why the ebook is attention-grabbing at the moment is that it nonetheless is vital and probably the most authoritative work on how you can worth monetary belongings. As Peter says: “Williams combined original theoretical concepts with enlightening and entertaining commentary based on his own experiences in the rough-and-tumble world of investment.” Williams’ discovery was to venture an estimate that gives intrinsic worth and it’s known as the ‘Dividend Discount Model’ which remains to be used at the moment by skilled traders on the institutional facet of markets. Appendix, TablesUsed Book in Good Condition

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