{"product_id":"the-theory-of-investment-value-john-burr-williams","title":"The Theory of Investment Value - John Burr Williams","description":"\u003ch3 data-start=\"49\" data-end=\"104\"\u003eThe Theory of Investment Value – John Burr Williams\u003c\/h3\u003e\n\u003cp data-start=\"106\" data-end=\"700\"\u003eFirst published in 1938, \u003cem data-start=\"131\" data-end=\"163\"\u003eThe Theory of Investment Value\u003c\/em\u003e is one of the most influential books ever written on investing. John Burr Williams introduced the idea that a stock’s true value is based on the present value of its future dividends—not market hype or short-term price movements. This classic laid the foundation for modern value investing and continues to shape how serious investors think about intrinsic value, risk, and long-term returns. It’s a demanding but rewarding read for anyone who wants to understand investing at its intellectual core. \u003cstrong data-start=\"664\" data-end=\"700\"\u003eBuy in Kenya with fast delivery.\u003c\/strong\u003e\u003c\/p\u003e\n\u003ch3 data-start=\"702\" data-end=\"725\"\u003eWhat you’ll learn\u003c\/h3\u003e\n\u003cul data-start=\"726\" data-end=\"996\"\u003e\n\u003cli data-start=\"726\" data-end=\"773\"\u003e\n\u003cp data-start=\"728\" data-end=\"773\"\u003eThe concept of intrinsic value in investing\u003c\/p\u003e\n\u003c\/li\u003e\n\u003cli data-start=\"774\" data-end=\"824\"\u003e\n\u003cp data-start=\"776\" data-end=\"824\"\u003eHow discounted cash flow (DCF) valuation works\u003c\/p\u003e\n\u003c\/li\u003e\n\u003cli data-start=\"825\" data-end=\"873\"\u003e\n\u003cp data-start=\"827\" data-end=\"873\"\u003eWhy dividends matter more than market prices\u003c\/p\u003e\n\u003c\/li\u003e\n\u003cli data-start=\"874\" data-end=\"932\"\u003e\n\u003cp data-start=\"876\" data-end=\"932\"\u003eThe difference between speculation and true investment\u003c\/p\u003e\n\u003c\/li\u003e\n\u003cli data-start=\"933\" data-end=\"996\"\u003e\n\u003cp data-start=\"935\" data-end=\"996\"\u003eHow long-term thinking leads to better investment decisions\u003c\/p\u003e\n\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003ch3 data-start=\"998\" data-end=\"1028\"\u003eWho should read the Book\u003c\/h3\u003e\n\u003cul data-start=\"1029\" data-end=\"1204\"\u003e\n\u003cli data-start=\"1029\" data-end=\"1070\"\u003e\n\u003cp data-start=\"1031\" data-end=\"1070\"\u003eLong-term and value-focused investors\u003c\/p\u003e\n\u003c\/li\u003e\n\u003cli data-start=\"1071\" data-end=\"1105\"\u003e\n\u003cp data-start=\"1073\" data-end=\"1105\"\u003eFinance and economics students\u003c\/p\u003e\n\u003c\/li\u003e\n\u003cli data-start=\"1106\" data-end=\"1141\"\u003e\n\u003cp data-start=\"1108\" data-end=\"1141\"\u003ePortfolio managers and analysts\u003c\/p\u003e\n\u003c\/li\u003e\n\u003cli data-start=\"1142\" data-end=\"1204\"\u003e\n\u003cp data-start=\"1144\" data-end=\"1204\"\u003eAnyone serious about understanding investment fundamentals\u003c\/p\u003e\n\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003ch3 data-start=\"1206\" data-end=\"1242\"\u003eWhy buy The Theory of Investment Value from Readers’ Republik\u003c\/h3\u003e\n\u003cul data-start=\"1243\" data-end=\"1381\"\u003e\n\u003cli data-start=\"1243\" data-end=\"1278\"\u003e\n\u003cp data-start=\"1245\" data-end=\"1278\"\u003eFast delivery anywhere in Kenya\u003c\/p\u003e\n\u003c\/li\u003e\n\u003cli data-start=\"1279\" data-end=\"1331\"\u003e\n\u003cp data-start=\"1281\" data-end=\"1331\"\u003eCarefully curated investing and finance classics\u003c\/p\u003e\n\u003c\/li\u003e\n\u003cli data-start=\"1332\" data-end=\"1381\"\u003e\n\u003cp data-start=\"1334\" data-end=\"1381\"\u003eSupport a local, independent Kenyan bookstore\u003c\/p\u003e\n\u003c\/li\u003e\n\u003c\/ul\u003e","brand":"Readers Republik","offers":[{"title":"Default Title","offer_id":43037305897049,"sku":null,"price":6000.0,"currency_code":"KES","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0660\/4292\/1049\/files\/1_c03af6ae-ae25-4ae9-9e65-c98b8f412ce5.jpg?v=1770101751","url":"https:\/\/readersrepublik.com\/products\/the-theory-of-investment-value-john-burr-williams","provider":"Readers Republik","version":"1.0","type":"link"}