Cody Ray's Reviews > The Little Book of Valuation: How to Value a Company, Pick a Stock and Profit

Pretty good little introduction to business valuation. The basic framework follows how to value companies in different stages of their lifecycle from young growth through mature and a couple "special topics" in financial companies and cyclical companies. I appreciate the outline for intrinsic valuations (as well as relative) and the different adjustments (the "art") that may be made. However, I felt that it was still a lot of handy-wavy and there a lot of "gaps" in their derivations of valuation. I wish that the calculations were more detailed so it'd be easier to follow the valuation mathematics. Definitely worth a second read-through though; it felt like one of those books I'm just not quite ready for yet.