Description: Support session to accompany chapter 1 of the updated version of the Little Book of Valuation, published in March 2024.
Publisher: John Wiley
Amazon link: https://www.amazon.com/LittleBookVa...
My webpage for the book: https://pages.stern.nyu.edu/~adamodar...

In this session, I lay the philosophical foundations of valuation, drawing a contrast between value and price, and talking about how bias, uncertainty and complexity remain the biggest enemies of good valuation.