Lecture Notes: Introduction to Book on Valuation

Background on the Author

• First book in valuation written nearly 35 years ago titled Demodaran Invaluation.
• Other notable books:
  • Investment Valuation: A textbook.
  • Dark Side of Valuation: Focuses on the difficulty of valuing companies.
  • Narrative and Numbers: Connects storytelling with numbers in valuation.

Introduction to the Little Book Series

• Original Little Book of Valuation was published a decade ago, initiated by a request from John Wiley.
• Purpose: Provide a concise valuation guide for readers who cannot spare time for comprehensive 1000-page books.
• The book aimed to distill key valuation insights into 250 pages.

Revised and Updated Edition

• Published following Wiley's request to update content due to outdated examples from the original edition.
• Core principles remain unchanged; no major new insights.
• New examples updated to reflect the context of 2024 instead of 2012.

New Additions

• New Chapter: Stories and Numbers
  • Emphasizes the importance of storytelling in company valuation.
  • Acknowledged as a missing component in the original book.

Supplementary Materials

• 12 webcasts created, one for each chapter of the book.
• Each webcast is 20 minutes long, presenting chapter content in a different format.

Final Thoughts

• Encouragement to view webcasts for deeper insights into chapters of interest.
• Gratitude expressed for audience engagement and participation.
• Anticipation of a positive journey ahead for readers and viewers.