Investing by the Books #52 Stephen Penman: Accounting for Value
Investing By The Books
2023-12-11
23:15
Stephen Penman is a professor of accounting and security analysis at Columbia Business School and Bocconi. He has also written the book Accounting for Value, which illustrates how accounting numbers relate to value creation. In our conversation with Penman, we discuss the necessary separation between speculation and valuation, the ideal structure of an equity research report, and how aspiring investors can improve their processes.
Eddie Palmgren
Martin Wahlström
Episode Notes
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This episode was recorded on Oct 30, 2023.
Books Mentioned
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Profile on Columbia Business School
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