How can a company that has never turned a profit have a multibillion dollar valuation? Why do some start-ups attract large investments while others do not? Aswath Damodaran, finance professor and experienced investor, argues that the power of story drives corporate value, adding substance to numbers and persuading even cautious investors to take risks. In business, there are the storytellers who spin compelling narratives and the number-crunchers who construct meaningful models and accounts. Both are essential to success, but only by combining the two, Damodaran argues, can a business deliver and sustain value.
Through a range of case studies, Narrative and Numbers describes how storytellers can better incorporate and narrate numbers and how number-crunchers can calculate more imaginative models that withstand scrutiny. Damodaran considers Uber's debut and how narrative is key to understanding different valuations. He investigates why Twitter and Facebook were valued in the billions of dollars at their public offerings, and why one (Twitter) has stagnated while the other (Facebook) has grown. Damodaran also looks at more established business models such as Apple and Amazon to demonstrate how a company's history can both enrich and constrain its narrative. And through Vale, a global Brazil-based mining company, he shows the influence of external narrative, and how country, commodity, and currency can shape a company's story. Narrative and Numbers reveals the benefits, challenges, and pitfalls of weaving narratives around numbers and how one can best test a story's plausibility.
Aswath Damodaran is the Kerschner Family Chair in Finance Education and professor of finance at New York University's Stern School of Business. He is the author of Applied Corporate Finance, Fourth Edition (2014), Investment Valuation: Tools and Techniques for Determining the Value of Any Asset, Third Edition (2012), The Little Book of Valuation: How to Value a Company, Pick and Stock and Profit (2011), and Damodaran on Valuation: Security Analysis for Investment and Corporate Finance, Second Edition (2006).
,,這本書的裝幀和設計確實讓人眼前一亮,那種沉甸甸的質感,翻開書頁時能感受到紙張的細膩,讓人立刻産生一種想要深入閱讀的衝動。我尤其喜歡封麵設計中那種深邃的色調和簡約的排版,它似乎在暗示著內容本身既有深度又極具條理。初拿到手時,那種對知識的敬畏感油然而生,仿佛握著的是一本經過時間沉澱的經典之作。雖然我還沒來得及完全沉浸在內容之中,但僅憑這實體書的呈現,就已經成功地在我的書架上占據瞭一個非常顯眼的位置。它不僅僅是一本書,更像是一件精心製作的工藝品,體現瞭齣版方對細節的極緻追求。這種實體體驗在如今這個電子閱讀盛行的時代顯得尤為珍貴,讓人更願意花時間去觸摸、去感受文字背後的溫度。
評分閱讀的體驗總是與閱讀的心境息息相關的,而這本書帶給我的,是一種久違的、近乎冥想的平靜。它的章節布局似乎有一種奇特的韻律感,即使隻是粗略地瀏覽目錄,也能感受到作者在構建敘事結構上所花費的心思。我注意到一些章節標題的措辭非常精妙,既有學術的嚴謹,又不失文學的張力,這預示著內容本身可能在嚴肅的論述與引人入勝的故事之間找到瞭一個完美的平衡點。我期待它能提供一個全新的視角,去審視那些我們習以為常的領域。那種仿佛在迷霧中找到清晰航綫的期待感,讓我迫不及待地想深入探究其中蘊含的智慧,相信它會像一盞明燈,照亮我此前理解上的盲區。
評分這本書的排版和字體選擇也頗為考究,這在很大程度上影響瞭閱讀的舒適度和持久性。我發現即便是長時間閱讀,眼睛也不會感到明顯的疲勞,這說明設計者在考慮可讀性方麵下瞭大功夫。書頁的留白處理得恰到好處,既保證瞭文字的密度,又留齣瞭足夠的空間供讀者進行標注和思考,這對於喜歡在書上做筆記的人來說,簡直是福音。這種細節上的關懷,體現瞭作者和齣版團隊對讀者體驗的尊重,使得閱讀過程本身變成瞭一種享受,而非負擔。這種對閱讀物理形態的重視,往往也暗示著對內容本身質量的自信。
評分從整體的氣質上來說,這本書散發著一種非常成熟且自信的學識氣息。它似乎不需要用誇張的語言來吸引眼球,而是依靠其內在的邏輯力量和深度來吸引讀者。我能感覺到這絕對不是那種膚淺的“快餐”讀物,它更像是一場精心策劃的智力探險。這種厚重感要求讀者必須全身心投入,去跟隨作者的思維軌跡進行深入的思考和辨析。我特彆欣賞這種“慢閱讀”的質感,它鼓勵讀者停下來,消化每一個論點,而不是一味地嚮前衝。對於那些真正渴望在特定領域建立起堅實認知框架的人來說,這本書無疑是一塊極佳的基石。
評分我對於那些敢於在標題中融閤看似對立概念的書籍總是抱有極大的興趣,這錶明作者擁有駕馭復雜主題的勇氣和能力。這種跨越邊界的嘗試,通常會帶來意想不到的洞察力。這本書給我帶來的直觀感受是,它試圖搭建一座橋梁,連接起兩個看似疏遠卻又必然相關的領域。這種宏大的視野和整閤性的思維,是真正有價值的知識體係的標誌。我預感,一旦我完全掌握瞭書中的核心論點,我對周圍世界的某些基本運作方式的理解,將會發生一次深刻的重塑。這是一種非常令人興奮的期待。
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