valuation books

couple of books recommended by people in the valuation business. one comment about duffie is that he was kind of a disappointment as a consultant, since he likes to stay more in the theoretical than the practical. not sure if this is the best book from him, but it's fairly recent. (search for 'dynamic')

Investment valuation : tools and techniques for determining the value of any asset

Damodaran, Aswath.

interesting that he says most analysis/justification for valuation is on discounted cash flows (as it seems to be in the book), but most valuation in practice is with ratios in relative valuation. contingent claim valuation is a more recent perspective, looking at opportunities available to a firm and pricing them like options. i was disappointed at how little there is on bond and commodity valuation, especially given the promise in the subtitle. interesting chapter on evidence of market efficiency.

Credit risk : pricing, management and measurement

Duffie, Darrell.

financial statement analysis and security valuation, 3rd ed

stephen h. penman

658.15

more on valuation, including slightly less than simple forecasting and detecting financial statement manipulation

dynamics of markets: econophysics and finance

joseph l. mccauley

658.15:519.217

empirical refutation of common modeling assumptions

value at risk: the new benchmark for managing financial risk, 3rd ed

philippe jorion

658.155

different types of risk, some 'industry-standard' real-life practical-experience rules of thumb