My objective today is to walk through, very logically,
why we think value-based analysis is a powerful tool for
both investors and the corporations. We’ll approach the
issue in three different ways. First, we’ll talk about
stock market myths and stock market reality. Next, we
will evaluate valuation techniques, weighing the pluses
and minuses of each. Finally, we will lay out the case
for a value-based model. pdf-file