Many of the earliest books, particularly those dating back to the 1900s and before, are now extremely scarce and increasingly expensive. We are republishing these classic works in affordable, high quality, modern editions, using the original text and artwork.

Many of the earliest books, particularly those dating back to the 1900s and before, are now extremely scarce and increasingly expensive. We are republishing these classic works in affordable, high quality, modern editions, using the original text and artwork.

Table of Contents

How do you value e-business? Since IT now consumes over half of new capital investment in US firms, the central question facing senior management investing in knowledge intensive businesses is, "how do you value e-business?" This book takes a financial perspective on the new economy and addresses many of the problems that are a part of the financial structure of the new economy. Valuing Technology offers methods for determining the financial valuation of investments made in technology in New Economy businesses. Companies in genomics, proteomics, nanotechnology, robotics, and other highly technical fields require huge up-front costs and often experience other idiosyncrasies of high-tech business. This book covers those angles and more, helping readers accurately valuate modern e-businesses. It provides comprehensive analysis of emerging valuation techniques for New Economy companies and it clearly explains how financial assessment techniques are adapting to high-tech companies.

Revised and updated guide to some of the most important issues in the capital markets today, with an emphasis on fixed-income instruments. Fundamental concepts in equity market analysis, foreign exchange and money markets are also covered to provide a comprehensive overview. Analysis and valuation techniques are given for practical application.

Theory of "conceptual pragmatism" takes into account both modern philosophical thought and modern mathematics. Stimulating discussions of metaphysics, a priori, philosophic method, much more.

This volume contains all of the presidential addresses given before the American Society for Value Inquiry since its first meeting in 1970. Contributions are by Richard Brandt*, Virgil Aldrich*, John W. Davis*, the late Robert S. Hartman*, James B. Wilbur*, the late William H. Werkmeister, Robert E. Carter, the late William T. Blackstone, Gene James, Eva Hauel Cadwallader, Richard T. Hull, Norman Bowie*, Stephen White*, Burton Leiser+, Abraham Edel, Sidney Axinn, Robert Ginsberg, Patricia Werhane, Lisa M. Newton, Thomas Magnell, Sander Lee, John M. Abbarno, Ruth Miller Lucier, and Tom Regan*. Autobiographical sketches* by all of the living contributors and one recently deceased, biographical statements of the remainder, together with photographic portraits of all the contributors*, make this volume a unique record of value inquiry during the past quarter century. (* indicates previously unpublished or unpublished in the present form; + indicates substantial new material has been added.) The addresses cover diverse topics, from broad, general ones, to value inquiry into literature, bioethics, and public policy; to philosophy of mind, to critical studies of other philosophers' work, defenses of philosophy and of applied ethics, individual-, role- and cultural-relativism of values. The American Society for Value Inquiry is nearing its 25th anniversary. Its leadership is elected annually, often with a vice president becoming president-elect, then president, then past president: a structure that serves to insure a measure of continuity. Its members are drawn to the society not by a particularly credo or ideology or philosophical position, but by a common interest in questions of value, ranging from abstract meta-value inquiry to disciplinary and trans-disciplinary value inquiry. For those who share this range of passions, the volume will preserve, collect, organize, and in a number of cases recover material in danger of being lost to them. The Presidential Address is a unique genre, resembling in some ways a sermon. Indeed, preparing a presidential address before a philosophical society is often an exercise in developing an exhortation to members to take up a neglected topic, to embrace as important a particular viewpoint; it may as well be a cautionary to avoid a particular error. It is often a dramatic moment: as a last act of the presidency, having observed closely the trends and winds blowing through the discipline, the speaker is afforded the opportunity to hold forth on a topic at once intensely personal and believed to be of wide interest. While some societies publish presidential addresses in newsletters or informal proceedings, and occasionally in professional bulletins or journals, rarely have a substantial bloc of a society's presidential addresses been collected and published under one cover. Too often the presidential address is delivered, discussed by those present, perhaps summarized in a paragraph in a newsletter to members, and filed as a fond memory of a moment of honor in the papers of the author - sometimes to be forgotten, lost, discarded, or otherwise removed from availability to scholars of the history of philosophy. This volume inaugurates a series aiming at preserving presidential and other major addresses before philosophical societies. It seeks to be a historical record, not only of the address but also of the reflections and recollections of the author. It seeks to preserve as a part of the historical record a photograph of the author. And, with the personal character of an autobiographical statement, it seeks to humanize and render lively and real the professi...

Written by the Founder and CEO of the prestigious New York School of Finance, this book schools you in the fundamental tools for accurately assessing the soundness of a stock investment. Built around a full-length case study of Wal-Mart, it shows you how to perform an in-depth analysis of that company's financial standing, walking you through all the steps of developing a sophisticated financial model as done by professional Wall Street analysts. You will construct a full scale financial model and valuation step-by-step as you page through the book. When we ran this analysis in January of 2012, we estimated the stock was undervalued. Since the first run of the analysis, the stock has increased 35 percent. Re-evaluating Wal-Mart 9months later, we will step through the techniques utilized by Wall Street analysts to build models on and properly value business entities. Step-by-step financial modeling - taught using downloadable Wall Street models, you will construct the model step by step as you page through the book. Hot keys and explicit Excel instructions aid even the novice excel modeler. Model built complete with Income Statement, Cash Flow Statement, Balance Sheet, Balance Sheet Balancing Techniques, Depreciation Schedule (complete with accelerating depreciation and deferring taxes), working capital schedule, debt schedule, handling circular references, and automatic debt pay downs. Illustrative concepts including detailing model flows help aid in conceptual understanding. Concepts are reiterated and honed, perfect for a novice yet detailed enough for a professional. Model built direct from Wal-Mart public filings, searching through notes, performing research, and illustrating techniques to formulate projections. Includes in-depth coverage of valuation techniques commonly used by Wall Street professionals. Illustrative comparable company analyses - built the right way, direct from historical financials, calculating LTM (Last Twelve Month) data, calendarization, and properly smoothing EBITDA and Net Income. Precedent transactions analysis - detailing how to extract proper metrics from relevant proxy statements Discounted cash flow analysis - simplifying and illustrating how a DCF is utilized, how unlevered free cash flow is derived, and the meaning of weighted average cost of capital (WACC) Step-by-step we will come up with a valuation on Wal-Mart Chapter end questions, practice models, additional case studies and common interview questions (found in the companion website) help solidify the techniques honed in the book; ideal for universities or business students looking to break into the investment banking field.