Financial Dynamics: A System for Valuing Technology Companies (Wiley Finance) Book

Chris Westlandâ??s book on valuation takes us on a journey through economics, accounting, finance, physics and the liberal arts. It will shake the accounting, auditing and investment communities to the core â?? for good reason. A must read for anyone involved in analyzing, auditing, or investing in technology companies, or for that matter, stocks in general. â?? Andrew Leeming, author of The Super Analysis Financial Dynamics examines the challenges of applying traditional accounting and valuation methodologies to analyze the economic performance of todayâ??s knowledge economy-based businesses. An interesting and informative read that breaks away from the traditional ways of looking at the performance of corporations. â?? Chris Ip, Principal, McKinsey and Company, Leader of Greater China Business Technology Office. In this ambitious and original text, the polymathic Westland â?? a scientist and consultant â?? cruises in with observations on Mooreâ??s and Metcalfeâ??s laws, nanotechnology and optics, biotech and materials science. He attempts to formalize in crisp mathematics some of the â??lawsâ? of the microcosm and telecosm. And he explores the many methods of pinning the butterflies of innovation in algorithms of valuation. A fascinating read that does not pretend there are any simple answers or panaceas. â?? George Gilder, author of Telecosm The assets of the modern company cannot be boxed into the accounting categories of trick and mortar businesses, but are derived from the knowledge these companies have accumulatedâ?¦ In Financial Dynamics, Westland not only takes us on a lively tour of the difficulties in assessing the value of the 21st century company, but also offers a monumental and much needed attempt to reengineer valuation. â?? Albert-Laszlo Barabasi, author of Linked and Emil T. Hoffman, Professor of Physics, University of Notre Dame Financial Dynamics is a thought-provoking synthesis of history, technology, accounting and finance. This book provides insights into the value of human capital in general, and technology, in particular.  â?? Aswath Damodaron, Professor of Finance, New York Universityâ??s Leonard N. Stein School of Business, author of Damodaron on Valuation and Investment ValuationRead More