"This book provides a clear, comprehensive overview of equity valuation concepts and methods. It is well suited for finance practitioners who want to strengthen their understanding of equity asset valuation and as a supplemental reading in advanced undergraduate and graduate courses addressing security analysis and business valuation."
—Professor Robert Parrino, CFA, PhD, Department of Finance, Red McCombs School of Business, The University of Texas at Austin

"CFA Institute has done it again. This will be a 'must' reference book for anyone serious about the nuances of equity investment valuation."
—Robert D. Arnott, Chairman, Research Affiliates