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The author explains right up front that this is not a book for investors. He spends an inordinate amount of time explaining what the market cap is. I cannot help but give this the analogy, you are to make dynamite, however, safety issues will be skipped and detailed instructions will not be given. That said, I will study what I can about the author & his other works, he does show you where the path begins.
This was an excellent book which describes the basic principles of valuing a company.. I have been on Toby's website multiple times but never really knew how to use the screeners.. now I know..
I would recommend for anyone looking to gain some knowledge on the acquirers multiple number.. how its calculated and how to use it..
It's not too long either.. very manageable
excellent intro for beginners for sure. Awesome work with all the back testing... very up to date value investing. highly recommended