Accounting for Value

Stephen Penman

Introduction
Chapter 1 Return to Fundamentals (and an Accounting for the History of Investment Ideas)
Chapter 2 Anchoring on Fundamentals (and How Accounting Supplies the Anchor)
Chapter 3 Challenging Market Prices with Fundamentals (and Deploying Accounting for the Challenge)
Chapter 4 Accounting for Growth from Leverage (and Protection from Paying Too Much for Growth)
Chapter 5 Accounting for Growth in the Business (and More Protection from Paying Too Much for Growth)
Chapter 6 Accounting for Risk and Return (and a Remedy for Ignorance About the Cost-of-Capital)
Chapter 7 Pricing Growth (and a Revision to Value Versus Growth Investing)
Chapter 8 Fair Value Accounting and Accounting for Value
Chapter 9 Adding Value to Accounting
Chapter 10 The Intelligent Investor and the Intelligent Accountant