Damodaran on Valuation: Security Analysis for Investment and Corporate Finance 2nd Edition

Damodaran is widely known in the academic/financial arena. The second edition clears up many hiccups in the first edition. There are other books out there that will provide you with most of the information in this book, but not with as much detail and explanation. Also, this book is written very well. It does a great job of keeping the student's interest and not sounding too dry (most of the time). I bought this for one finance class, and have used it as a supplement in nearly all other finance classes. Every finance professor I have asked about Damodaran speaks very highly of him. Although this book material/methodology sticks primarily to the academic world, it still provides the reader with the real-world content and thorough understanding that will be needed in the business world. If you want a truly detailed yet practical analysis of valuation, then this is the book for you.

I saw the author speak at a conference which prompted me to buy the book. His presentation and book nicely merge theory with practice -- too many valuation books are academic and don't deal with the real-life problems. He seems to anticipate the types of real-life challenges you'll get and then tells you how to handle them (about half the book addresses these "loose ends" that aren't always covered in more basic valuation material). I especially like that he's embraced valuation methods beyond DCF (such as P/E and P/B) because purists tend to dismiss these other methods as too crude for serious consideration(in his book he acknowledges that only 10% of Wall Street valuations are done with DCF). His web site is great for practitioners because you can download the raw numbers for thousands of companies and do the valuation steps he highlights in the book.

I used it for my Corporate Finance class and this book is as thorough as you can get. It made it so easy for me and I easily sailed by the entire semester without taking any additional notes and solely based on this book.

I love this book, it is very useful for my next job.

Value for money, came to Croatia pretty fast..Recommend to all who want to have closer look to the alpha and omega of the corporate finance.

The master

Damodaran is fantastic. I love his work. His valuation books are really insightful.

Quality of information. Personal growth