Damodaran on Valuation

This book is a thorough guide to valuation, covering the fundamentals of intrinsic valuation, relative valuation, and option pricing.

It delves into various valuation models, including the discounted cash flow (DCF) model, and discusses the importance of understanding the context and assumptions behind each model.

Damodaran emphasizes the need for a combination of numerical analysis and narrative storytelling in valuation and addresses the practical application of valuation in different scenarios, such as valuing equities, bonds, real estate, and entire businesses.

The book also explores the impact of technological disruption, changing business models, and geopolitical shifts on valuation and encourages adaptability in valuation approaches.