Best Valuations Books/Texts
Hello,
I have been trying to learn about stock valuations for a while and not a single book that I have read so far has gone really into it. I know that valuation is somewhat arbitrary and no one can really prove it, but some of the books that are recommended on the internet do not touch much about valuations. I believe so far I have built a lot of my philosophical investment knowledge but don't know how to value companies correctly. Here are the list of books that I've read:
Security Analysis
One Up On Wall Street
You Can Be A Stock Market Genius
The Intelligent Investor
The Most Important Thing
Business Books:
Competition Demystified
Fooled by Randomness
The Outliers
Soon to read: Essays of Warren Buffet, The Little Book that still beats the market, Margin of Safety, the wealth of nations.
People say that the books by Graham are the holy grail of investing, but while they offer a lot of philosophical knowledge/intelligent way of thinking, their valuation tips are way too general. I have heard of Damodaran's book (which is like $70) and McKinsey's book (which is an actual text), but wanted to see if anyone can provide something better and up to point. Thanks for your input.
McKinsey's book, Valuation: Measuring and Managing the Value of Companies, is a really good place to start. Corporate Valuation: An Easy Guide to Measuring Value by Frykman and Tolleryd is a good summary of the McKinsey book too.
It seems like that's the name thrown around the most. I am specifically interested in equities, does it cover them in depth. It's a 800+ page text so I hope it does the job. Only ~55 dollars too.
If you're on the fence about it, I'd say just go for it. It should have everything you will need for valuing a company.
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