Valuation: Avoiding the Winner's Curse

Rating:
Summary: Insightful!
Review: I took a course offered by Ken Ferris before the book was published, then read the material. It reminded me of a lot of the insights that I gained from the course. Good book for practitioners.

Rating:
Summary: Broad overview, introductory and basic
Review: The book appears to have grown out of course notes and has remained at that level only.
There are better books out there, even if you were to focus only on valuing for M & A needs.

Rating:
Summary: Met the man, taken his courses...
Review: This book, and another by Ferris, was a required textbook for a class taught by the author (Ferris) at the school where he teaches. It is an indication of the respect that the other Finance and Accounting profs have for Prof Ferris that his books are used by no other profs there- in fact, many riducle the simple errors and theoretical mistakes that are present in this book. As a guide to valuation of public firms, this book is useful only in outlining a simplisitc cookie-cutter format that lacks any depth or analysis.