JB Williams
1 book (1 in English )
1 article(s) (1 in English)
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The Theory of Investment Value
Breaking with commonly held beliefs at the time, the crux of Williams' theory was that the intrinsic value of a company was equal to the present value of its future dividends, not earnings. “Earnings are only a means to an end,” Williams argued, “and
The Theory of Investment Value
Breaking with commonly held beliefs at the time, the crux of Williams' theory was that the intrinsic value of a company was equal to the present value of its future dividends, not earnings. “Earnings are only a means to an end,” Williams argued, “and