Pitch the perfect investment : the essential guide to winning on wall street

Intro -- Title Page -- Copyright -- Dedication -- Preface -- Notes -- Introduction -- Notes -- PART I THE PERFECT INVESTMENT -- Chapter 1 How to Value an Asset -- Three Primary Components of Value -- Gems -- Notes -- Chapter 2 How to Value a Business -- Defining Cash Flow -- How to Calculate Present Value Using a Discounted Cash Flow Model -- Predicting the Future Is Not Easy -- How to Calculate the Present Value of a Bond -- How to Calculate the Present Value of a Perpetuity -- How to Calculate the Present Value of a Business -- How to Calculate the Present Value of a Growing Cash Flow Stream Using a Two-Stage DCF Model -- How to Think About the Discount Rate -- Gems -- Notes -- Chapter 3 How to Evaluate Competitive Advantage and Value Growth -- Cash Flow Generated by Selling Assets -- Cash Flow Generated by Operating the Assets: Return on Invested Capital, Cost of Capital, and Excess Returns -- Gems -- Notes -- Chapter 4 How to Think About a Security's Intrinsic Value -- What is "Intrinsic Value"? -- Thinking of Intrinsic Value as a Range of Values -- Gems -- Notes -- Chapter 5 How to Think About Market Efficiency -- Market Efficiency Is More of a Concept Than a Law -- The Holy Grail of Money Management: Generating Alpha -- Generating Alpha Is a Zero-sum Game -- Defining Market Efficiency -- The Rules of Market Efficiency -- When the Rules of Market Efficiency Operate Flawlessly -- The Mechanism That Implements the Rules of Market Efficiency -- Gems -- Notes -- Chapter 6 How to Think About the Wisdom of Crowds -- "And the Oscar Goes to …" -- The Wisdom of Crowds Is Critical to Market Efficiency -- How the Wisdom of Crowds Implements the Rules of Market Efficiency -- Tenet 1-The Dissemination of Information -- Tenet 2-The Processing of Information -- Tenet 3-The Incorporation of Information.