Description
Book SynopsisTrade ReviewThe Nature of Value is a well-reasoned, thought-provoking book that belongs in the library of every investor, professional and retail, value and growth. Reading the Markets Blog [Gogerty's] arguments will stretch the reader's investment intellect. Library Journal Gogerty... provides considerable sound advice to individual investors and professional capital allocators. The volume is packed with interesting information and questions serious investors should ask themselves, such as when and how a firm's earnings stream will ultimately die. CHOICE Lucid and thought-provoking... The Nature of Value will help all investors attain a more robust understanding of the dynamics that create and sustain value. Financial Analysts Journal
Table of ContentsPreface Part I: Value 1. The Problem with Price? It's Not Value 2. Value and Why It Matters 3. The Theory of Value Part II: Inos 4. Knowledge and Innovation 5. How Innovative Capabilities Enable Value Creation 6. Allocating to Firms with a Unique Capability Mix Part III: Clusters 7. Birth and Growth of Clusters 8. Cluster Convergence, Maturation, and Death 9. Stable and Unstable Clusters Part IV: Moats 10. The Value of Moats 11. How Moats Affect Cost, Competition, and Customer Forces 12. Managing Moats, for Value Creation Today and Wealth Tomorrow Part V: The Economy 13. The Economy as a Macroprocessing Network 14. Monetary Shocks and Their Implications for the Allocator Part VI: The Nature of Value 15. The Nature of Value Allocation 16. Conclusion Notes Index
