The Quest for Value: A Guide for Senior Managers

I read this book my senior year in undergrad as part of my finance curriculum in 2010. Now with 4 years as a finance professional, I still find myself referencing this book's most useful insights, which in my opinion is the idea that a business truly does have an "economic" value that is far more important than the book value.When it comes to practical business valuation methodologies, especially when you consider what forms are the norm around different industries, it can be quite challenging as some other reviewers may have mentioned. Nonetheless, I have used and continue to use the concepts for comparative purposes when examining my own personal investment holdings.I would encourage any business professional to read this book, as the main point really is that EPS is crap. You need to really think about how business decisions affect the EVA of your company. Focusing purely on cash flow, while truly important no doubt, is short-sighted. Blending the two brings you closer to the bulls eye if you want to know your company's worth - or increase the company's value.

This book covers information that even financial professionals who have been in the business for decades do not know or understand. It has become my "bible" when it comes to financial concepts. I reference it constantly. It is not a book on investment philosophy (not like value investing or technical analysis, or anything like that) but a book on financial concepts. Even though the book is now over 20 years old and the concepts are nothing new, the concepts discussed are still so unique and insightful because they are ignored by so many on Wall Street, despite being so clear and logical. None of the concepts exclusively apply to investing in public markets. I highly recommend this read for both lay and professional investors, small business owners, start-up CEOs, and executives of public companies. For investors, I recommend reading it in tandem with books on value investing (e.g. Ben Graham, Warren buffet, etc).

I found this book to be a great reference book for the EVA system. I would caution readers that this book is probably better as a reference for those who have taken the Stern Stewart seminars on EVA than as a stand-alone volume.Nevertheless, Stewart does a good job, in my opinion, of laying out the EVA framework and provides some good real-world examples of how EVA is used by companies to manage their financial affairs.

... but the ISBN and description are for the 1991 edition, which is exactly what you'll get. Big difference!

This is one of the best books about EVA. Good explainations. This book goes beyond the GAAP and does a more accurate measurement of corporate profitability and efficiency. Highly recommended for accountants and investors alike!!

it is not the latest version as the the pic shows.

I like it

Great Book Used for research in college business class.

Entrega excelente y la calidad de materiales de lujo, el libro es uno de los mejores, ya que revela muchas de la metodología y cálculos técnicos que las consultorías luego venden por mucho dinero.El libro este muy enfocado a la parte de Planeacion, este sería el único detalle.

A rare book for any practicing finance professional. I recommend this to all my fellow professional colleagues. Thank you.

Very abstract and could not find much help for practical use

Good

Very valuable book, gets a little complicated at times. I recommend the book for those looking to make wiser investments.