Corporate Valuation: Tools for Effective Appraisal and Decision-Making

Brad's book is strong on concepts and illustrations. The book is well-written and reads like Aesop's fables, i.e. Brad tells you a story and you walk away with the idea. I wish Prof. Cornell could add an audio version of this book. Very few people can explain complicated financial economic concepts as well as Brad can. An audio version of this book can make more people enjoy Brad's lecturing talent, while absorbing the gist of corporate valuation sketched in this book. That's right, sketched ... :-)

A great summary on the conventional wisdom about the equity risk premium. It covers -and combine- theory and evidence in a very reasonable balance. A couple of warnings. First, it puts the same emphasis on several alternative explanations, not always comparing and weighting them. Second, the book has some typos being probably the most important that of page 103 (equation 3.2). Nevertheless, a must have for every finance practitioner.