The Theory of Investment Value John Burr Williams
Publisher: Beta Nu Publishing

104: They cannot discount the same event twice. This valuation model was popularlised by John Burr Williams who published “The Theory of Investment Value” in 1938. I've read The Intelligent Investor and The Theory of Investment Value and Common Stocks and Uncommon Profits. Theory.” M&M showed that the value of a firm (and of its cash flows) is independent of the ratio of debt to equity used by the firm in financing its investments. The.Theory.of.Investment.Value.pdf. This model of corporate financial structure is therefore called the trade-off theory. He enrolled as a PhD student at Harvard, and his thesis, which was to explore the intrinsic value of common stock, was published as The Theory of Investment Value. The Theory of Investment Value. It was 1938, when the first edition of this book came into the market. The Theory of Investment Value by John Burr Williams. The Theory of Investment Value By John Burr Williams Cambridge, MA: Harvard University Press 1938.