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The economic argument of the SEI's new book, "Valuing the Ocean", is that the world stands to save at least $1 trillion every year by doing something about climate change.Estimates of the world's GDP a century from now depend on too many variables to calculate with any precision.
R.S. Yeoman, in his "Red Book" valuing US coins published during 2012, values the Crosslet 4 at $125,000 in MS-63 ranging down to $55,000 in more circulated, Almost Uncirculated-50 condition.
Although another book, Valuing the Earth: Economics, Ecology, Ethics, is part of the Daly trilogy, I favor this one because it is less academic and more down to earth.
That is doubly the case when the author is Andrew Smithers, a perceptive critic of conventional thinking.Along with Stephen Wright, Mr Smithers published the book Valuing Wall Street in 2000, at the height of the dotcom bubble.
The process will be slow and painful, but might be better than all the alternatives.* His book, Valuing Wall Street, pointing out the ridiculous valuations of equities, was published in early 2000.
But the ratio was used by Andrew Smithers and Steven Wright in their book Valuing Wall Street, which correctly announced that US shares were overvalued just as Wall Street was peaking in 2000.
Similar(49)
That suggests a valuation above book value.
"Is this book value good?
"We're trading at book value".
Cerberus is paying less than book value.
Takeovers typically occur above book value.
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