The Bitcoin Boom: Asset, Currency, Commodity or Collectible?

Ostensibly about Bitcoin, this is an excellent finance/economics article that explains the differences between assets, currencies, commodities and collectibles and the difference between trading (pricing) and investing (valuing).

How Ready Are You for Growth?

A Booz & Company study reveals that only 17 percent of companies are poised for a profitable future.

Professor Aswath Damodaran’s Data Page

For the last two decades, Aswath Damodaran has dedicated the first two weeks of each new year to a ritual. He obtains/collects/downloads data on all publicly traded companies listed globally, using a variety of data sources, and then analyzes and presents the data, aggregated at a number of different levels: by country, by region (US, Europe, Emerging Markets, Japan, Australia & Canada) and by industry. … [ Read more ]

Economic Value Added (EVA)

Detailed notes about EVA and its calculation. Part of the excellent Damodaran Online site.

Investment Valuation: Tools and Techniques for Determining the Value of Any Asset

Valuation is at the heart of every investment decision, whether that decision is to buy, sell, or hold. But the pricing of any financial asset has become a more complex task in modern financial markets. Now completely revised and fully updated to reflect changing market conditions, Investment Valuation, Second Edition, provides expert instruction on how to value virtually any type of asset-stocks, bonds, options, futures, … [ Read more ]

What’s a Stock Worth?

In a world where investors are inundated with advertisements for the latest and best ways to value stocks, it is easy to see why so many are overwhelmed by the choice in models and confused about their merits. It is worth noting, in the midst of all the hype, that valuation today is fundamentally not that different from valuation 20 or even 50 years ago. … [ Read more ]

Damodaran Online

Professor Damodaran of NYU’s Stern School of Business has put together this immensely useful site for finance students and professionals. It contains lots of material, including lecture notes, spreadsheets, datasets, books (descriptions, manuscripts, problem solutions, etc.) and webcasts for the areas of Corporate Finance, Investment, and Valuation.