Jumat, 26 Juli 2013

[N528.Ebook] Free PDF Let Your Life Speak: Listening for the Voice of Vocation, by Parker J. Palmer

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Let Your Life Speak: Listening for the Voice of Vocation, by Parker J.  Palmer

Let Your Life Speak: Listening for the Voice of Vocation, by Parker J. Palmer



Let Your Life Speak: Listening for the Voice of Vocation, by Parker J.  Palmer

Free PDF Let Your Life Speak: Listening for the Voice of Vocation, by Parker J. Palmer

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Let Your Life Speak: Listening for the Voice of Vocation, by Parker J.  Palmer

With wisdom, compassion, and gentle humor, Parker J. Palmer invites us to listen to the inner teacher and follow its leadings toward a sense of meaning and purpose. Telling stories from his own life and the lives of others who have made a difference, he shares insights gained from darkness and depression as well as fulfillment and joy, illuminating a pathway toward vocation for all who seek the true calling of their lives.

  • Sales Rank: #9291 in Books
  • Color: Pink
  • Brand: Hyperion EA
  • Model: 1022138
  • Published on: 1999-09-10
  • Original language: English
  • Number of items: 1
  • Dimensions: 7.30" h x .60" w x 5.30" l, .42 pounds
  • Binding: Hardcover
  • 128 pages
Features
  • Great product!

Amazon.com Review
The old Quaker adage, "Let your life speak," spoke to author Parker J. Palmer when he was in his early 30s. It summoned him to a higher purpose, so he decided that henceforth he would live a nobler life. "I lined up the most elevated ideals I could find and set out to achieve them," he writes. "The results were rarely admirable, often laughable, and sometimes grotesque.... I had simply found a 'noble' way of living a life that was not my own, a life spent imitating heroes instead of listening to my heart."

Thirty years later, Palmer now understands that learning to let his life speak means "living the life that wants to live in me." It involves creating the kind of quiet, trusting conditions that allow a soul to speak its truth. It also means tuning out the noisy preconceived ideas about what a vocation should and shouldn't be so that we can better hear the call of our wild souls. There are no how-to formulas in this extremely unpretentious and well-written book, just fireside wisdom from an elder who is willing to share his mistakes and stories as he learned to live a life worth speaking about. --Gail Hudson

From Publishers Weekly
A gifted academic who formerly combined a college teaching career with community organizing, Palmer took a year's sabbatical to live at the "intentional" Quaker community of Pendle Hill in Pennsylvania. Instead of leaving at year's end, he became the community's dean of studies and remained there for 10 years. Palmer (The Courage to Teach) shares the lessons of his vocational and spiritual journey, discussing his own burnout and intense depression with exceptional candor and clarity. In essays that previously appeared in spiritual or educational journals and have been reworked to fit into this slim volume, he suggests that individuals are most authentic when they follow their natural talents and limitations, as his own story demonstrates. Since hearing one's "calling" requires introspection and self-knowledge (as suggested by the eponymous Quaker expression), Palmer encourages inner work such as journal-writing, meditation and prayer. Recognizing that his philosophy is at odds with popular, essentially American attitudes about self-actualization and following one's dreams, Palmer calls vocation "a gift, not a goal." He deftly illustrates his point with examples from the lives of people he admires, such as Rosa Parks, Annie Dillard and Vaclav Havel. A quiet but memorable addition to the inspirational field, this book has the quality of a finely worked homily. The writing displays a gentle wisdom and economy of style that leaves the reader curious for more insight into the author's Quaker philosophy. (Oct.)
Copyright 1999 Reed Business Information, Inc.

Review
News Flash!��Utne Reader�names Parker J. Palmer as one of�"25 Visionaries Who Are Changing Your World"--people who, in the editor's words, "don't just think out loud but who walk their talk on a daily basis." See the October-November 2011 print or online issue.

"Parker Palmer's writing is like a high country stream-clear, vital, honest. If your life seems to be passing you by, or you cannot see the way ahead, immerse yourself in the wisdom of these pages and allow it to carry you toward a more attentive relationship with your deeper, truer self." (John S. Mogabgab, editor, Weavings Journal)

"An exuberant and passionate book. I was deeply moved and I cannot, nor do I want to, shake off the haunting questions that it raises for me. This book penetrates the soul, and it will definitely stir you to explore more of your own inner territory. What an extraordinary achievement." (Jim Kouzes, coauthor, The Leadership Challenge and Encouraging the Heart; chairman, Tom Peters Group/Learning Systems)

"At a time when our culture is seeking a new language for expressing the spirit in everyday life, Parker Palmer is our leading voice of clarity and wisdom. In Let Your Life Speak, Palmer continues to deepen our ways of understanding the relationships between the inner life of spirit and the outer life of action." (Rob Lehman, president, The Fetzer Institute)

"In our search for authentic vocation, this book should be the starting point and deserves a prominent place in every home, school, and college. It is vintage Parker Palmer, providing his unique insight to the interconnectedness of selfhood and vocation with eloquence and personal experience." (Doug Orr, president, Warren Wilson College)

Most helpful customer reviews

3 of 3 people found the following review helpful.
precious wildness
By David A. Baer
Parker Palmer’s graceful little book LET YOUR LIFE SPEAK is the best work I’ve ever read on discernment and vocation.

In six chapters and just under 120 elegantly written pages, Palmer presses home the point that vocation emerges from within us and that we must listen carefully to our own lives if we are to discover it. Taking on someone else’s concept of calling or subjecting ourselves to an external and alien set of values and objectives will do violence to ourselves and to our usefulness—Palmer would probably avoid the word—to our community and our world. Throughout, the author’s rooting in Quaker patterns and rhythms is evident, but this book is anything but sectarian and will be welcomed—indeed, has been welcomed, for it was published in the year 2000—by readers of many faiths and perhaps of none.

Chapter I, ‘Listening to Life’, argues that one’s life is worthy of study and profoundly worth listening to. ‘The soul is like a wild animal—tough, resilient, savvy, self-sufficient, and yet exceedingly shy. If we want to see a wild animal, the last thing we should do is go crashing through the woods, shouting for the creature to come out. But if we are willing to walk quietly into the woods and sit silently for an hour or two at the base of a tree, the creature we are waiting for may well emerge, and out of the corner of an eye we will catch a glimpse of the precious wildness we seek.’

In his second chapter (‘Now I Become Myself’), Palmer initiates in earnest the autobiographical transparency that he will sustain through the book, lending to his lines an authenticity that is arguably their most compelling feature. After having tried and failed over several episodes to forge a sense of vocational and personal identity, Parker writes that ‘(t)today I understand vocation quite differently—not as a goal to be achieved but as a gift to be received. Discovering vocation does not mean scrambling toward some prize just beyond my reach but accepting the treasure of true self I already possess. Vocation does not come from a voice “out there” calling me to become something I am not. It comes from a voice “in here” calling me to be the person I was born to be, to fulfill the original selfhood given me at birth by God.’

The author urge us not to ‘wear other people’s faces’ and to realize that ‘(t)he deepest vocational question is not “What ought I to do with my life?” It is the more elemental and demanding “Who am I? What is my nature?”.’

Yet Palmer does not imagine that this discovery of one’s true self occurs often without pain. ‘Most of us’, he avers, ‘arrive at a sense of self and vocation only after a long journey through alien lands … before we come to that center, full of light, we must travel in the dark. Darkness is not the whole of the story—every pilgrimage has passages of loveliness and joy—but it is the part of the story most often left untold.’ This ultimate qualifier is another item that, to this reader’s ears, lends the ring of truth to Palmer’s adventure. I say this because my own journeying after true vocation has, like Palmer’s, led me through both sunlight and darkness, yet I cannot say that any of the miles traveled has been entirely dark, entirely bleak, and certainly not entirely regrettable. Unlike many more mechanical treatments of the topic, Palmer’s notion of vocational discovery leads him to value the path rather than merely the destination.

One finds, in this second and longest of Palmer’s chapters, refreshingly important roles to be played by fear, failure, and ordinariness. In my view, this makes LET YOUR LIFE SPEAK accessible to those of us who resonate with Palmer’s journey but could never write so elegantly of our own.

Chapter III is titled ‘When Way Closes’. The missing article is not a typo, but rather a nod to the Quaker sense of ‘Way’. In the discourse of the Friends, we learn, ‘way opens’ and ‘way closes’. Palmer traces a givenness to vocation, a created anchoring in our persons that does not make all things possible. Instead, the way each of us is both opens doors and closes doors. Sometimes the closing brings embarrassment and shame.

‘It would be nice if our limits did not reveal themselves in such embarrassing ways as getting fired from a job. But if you are like me and don’t readily admit your limits, embarrassment may be the only way to get your attention. I go on full alert only when I am blocked or get derailed or flat-out fail. Then, finally, I may be forced to face my nature and find out whether I can make something of both my gifts and my limitations.’

Palmer develops the role played by our limitations by counterposing the ‘oughts’ that we often heed in our vocational adventure to the ‘ecology of life’ in which we find a proper place to stand and to be. In this third chapter, this Christian reader finds the theological undergirding to Palmer’s prose that the author often touches upon only lightly. It is, for Palmer, the ‘God of reality’ who ‘dwells quietly in the root system of the very nature of things’. He speaks easily of ‘one’s created nature’. When one finally comes to rest within this ecology burnout is not the inevitable outcome of passionate labor. Rather, ‘(w)hen the gift I give to the other is integral to my own nature, when it comes from a place of organic reality within me, it will renew itself—and me—even as I give it away.’

‘All the Way Down’ (Chapter IV) suggests that an excruciating read lies just ahead and the title does not deceive, for in this fourth chapter Palmer sketches out for us his two debilitating experiences of depression. Neither reducing nor simplifying the causes of depression—in fact he calls the thing a ‘mystery’—Palmer managed in his own suffering to find his way to viewing depression as his friend. It took him all the way down to where it was safe to stand. Following upon his previous description of ‘the God of reality’, Parker borrows Tillich’s description of God as the ground of being: ’I had always imagined God to be in the same general direction was everything else I valued: up … I had to be forced underground before I could understand that the way to God is not up but down.’

Thankfully, Palmer does not write prescriptively about the ways (plural) into depression nor the ways (again, note the plural) out. His own recovery remains something of a mystery, captured in the magnificent poem with which he graces the conclusion of Chapter IV. Yet for him, his submission to the vocational ‘oughts’ by which he permitted himself for years to be hounded prepared the way down in the darkness. There he found not only God, but himself as well.

Chapter V (‘Leading from Within’) now turns outward to the damage and the health that a leader can bring to the wider community and, indeed, to the world. We project both shadows and light onto the world. ‘A good leader is intensely aware of the interplay of inner shadow and light, lest the act of leadership do more harm than good.’

In this chapter, any hint that vocation is essentially a narcissistic pursuit evaporates. For Palmer, vocation begins within but eventually projects itself onto one’s world. He writes insightfully of the ways leaders fashion a community from misguided starting points and, happily, also via the freedom that comes from authentic vocation. Let me single out at some length a few of Parker’s words on fear as motivator:

‘As one who is no stranger to fear, I have had to read those words with care so as not to twist them into a discouraging counsel of perfection. “Be not afraid” does not mean we cannot have fear. Everyone has fear, and people who embrace the call to leadership often find fear abounding. Instead, the words say we do not need to be the fear we have. We do not have to lead from a place of fear, thereby engendering a world in which fear is multiplied.

We have places of fear inside of us, but we have other places as well—places with names like trust and hope and faith. We can choose to lead from one of those places, to stand on ground that is not riddled with the fault lines of fear, to move toward others from a place of promise instead of anxiety. As we stand in one of those places, fear may remain close at hand and our spirits may still tremble. But now we stand on ground that will support us, ground from which we may lead others towards a more trustworthy, more hopeful, more faithful way of being in the world.’

This reviewer—like Palmer, no stranger to fear—thrills to such a sound and realistic assessment of the kind of ‘fearlessness’ that embraces reality and yet dares to lead, unparalyzed.

In his concluding chapter (VI, ‘There is a Season’), Palmer departs from his now familiar approach to speak of how ‘the quest for selfhood and vocation’ follow the recurring patterns and rhythms of the four seasons. This chapter alone would justify keeping Let Your Life Speak within arm’s reach, to be read and re-read at the calendar’s and the seasons’ turnings.

One can hardly read Palmer’s exceedingly transparent work on vocation and then write for others about it without a bit of transparency of his own. After twelve years of leadership in a relatively prominent position—at least for the proportions of this review’s little world—I recently hit the wall at the end of a particularly grueling vocational mile. This is not without its emotional violence, its sense of failure and disillusionment, its return to the root considerations of vocational identity, and its forceful requirement to look again and to look within for wisdom about next steps. For me, each page of Palmer’s LET YOUR LIFE SPEAK brought both balm and direction. Many brought exhilaration as well.

I offer this review in hopes that Palmer will be a bit more widely read for those, like me, who find a wise mentor the doctor’s very order.

4 of 4 people found the following review helpful.
Heart-warming and inspiring
By jdb
What a heart-warming, gentle, affirming, and inspiring little book this is. I think it will be hard for me to review this book without engaging in a "what it has meant to me" discourse. This isn't a bad thing, but I think before starting down that path, I should share a few of the technical specifics about this book first.

As I mentioned in my opening statements, this is a small book...physically small and then only slightly over one hundred pages including notes and credits. Don't let the size fool you; Let Your Life Speak: Listening for the Voice of Vocation is a very rich and spiritually deep book. Palmer shares in the introduction that Let Your Life Speak consists primarily as a collection of essays appearing in other publications from the past decade (1990-2000?). He goes on to state the essays have been rewritten (some substantially) so this book would be "coherent whole" and not just a collection of articles. It is my opinion that Mr. Palmer succeeded in his goal. I found the book very organic and flowing in the spirit of its intent.

The book traces Parker's journey of self-discovery with honest, transparency, and humility. Fitting, it seems, for a book of this nature and caliber. Perhaps "self-discovery" might be a misleading way of portraying the journey unfolded in Let Your Life Speak. The measure of discovery is found in the unraveling of the true-self and the false-self. We are told in the pursuit of the Christian faith that "God has a plan and purpose for your life..." While this teaching about personal and vocational purpose for our lives may be true, discovering it in the truest context of God's plan can be perplexing at times. Each person's journey may not be the same and the discovery of the true-self as we pertain to the image of God may be unique to each of us, but there are some similarity and common experience that lead us to and through these discoveries of the true self. Palmer's journey provides an inspiring parallel for us to examine our own journey...both the inner and the vocational---which are not necessarily separate or mutually exclusive.

"The figure calling to me all those years was, I believe, what Thomas Merton calls "true self." This is not the ego self that wants to inflate us (or deflate us, another from of self-distortion), not the intellectual self that wants to hover above the mess of life in clear but ungrounded ideas, not the ethical self that wants to live by some abstract moral code. It is the self-planted in us by the God who made us in God's own image-- the self that wants nothing more, or less, than for us to be who we were created to be... True self is true friend. One ignores or rejects such friendship only at one's peril." Parker Palmer; Let Your Life Speak

I have benefited greatly from the writings of other spiritual masters on this topic (John of the Cross, Teresa Avila, Thomas Merton, and M. Basil Pennington to name a few). Palmer's voice and experience bring fresh insight to these masters as well as sharing practical relevance with them as well. I found the teaching of this little book to be a great addition to my library and a worthy example of the disciple who is truly seeking to answer the question: "Is the life I am living the same as the life that wants to live in me?" I make the assumption; right or wrong, that the life Parker refers to is the Christ-life. Honestly seeking to surrender to the life Christ desires to live in and through us is the sum of what discipleship is about in my understanding. Let Your Life Speak is very helpful in gently walking the seeker along in this process.

0 of 0 people found the following review helpful.
The Clearness Committee Creates Chaos
By John W. Pearson
Yikes. It's almost December--and then we'll blink and raise a glass to the New Year, and do it all over again--expecting different results. Yikes, again.

So...before you grieve another year of unfulfilled promises to yourself (career-wise or other)--invest 109 pages in your calling. Read. Reflect. Listen. Pray. Discern. Jump.

Parker Palmer's stunning quick-read, "Let Your Life Speak," will help you think backwards and forwards. And his confession--that he failed to listen to his heart and squandered valuable years--is a warning to all of us (no matter how many candles on our last cake)...that vocation and calling matter.

He begins:
-- "...a funny thing happened on the way to my vocation."
--He was guided by Frederick Buechner's inspiring insight: "The place God calls you to is the place where your deep gladness and the world's deep hunger meet."

He confesses:
--"I had simply found a `noble' way to live a life that was not my own, a life spent imitating heroes instead of listening to my heart."

He learned:
--"Before you tell your life what you intend to do with it, listen for what it intends to do with you. Before you tell your life what truths and values you have decided to live up to, let your life tell you what truths you embody, what values you represent."
--"My youthful understanding of `Let your life speak' led me to conjure up the highest values I could imagine and then try to conform my life to them whether they were mine or not."

He adds: "If that sounds like what we are supposed to do with values, it is because that is what we are too often taught. There is a simplistic brand of moralism among us that wants to reduce the ethical life to making a list, checking it twice--against the index in some best-selling book of virtues, perhaps--and then trying very hard to be not naughty but nice."

He explains the book's subtitle, "Listening for the Voice of Vocation" with this:
--"Vocation does not come from willfulness. It comes from listening."
--"Vocation [rooted in the Latin for `voice'] does not mean a goal that I pursue. It means a calling that I hear. Before I can tell my life what I want to do with it, I must listen to my life telling me who I am."

Parker Palmer's Quaker roots add color and authenticity to this remarkable little book--a collection of essays, edited into a book-length gem.

It's tough to narrow down my favorites stories--I read most of them to my wife, Joanne--but certainly these two:

Favorite Story #1: The Clearness Committee.
A presidential search committee for a small educational institution invited Palmer for an interview. "So as is the custom in the Quaker community, I called on half a dozen trusted friends to help me discern my vocation by means of a `clearness committee,' a process in which the group refrains from giving you advice but spends three hours asking you honest, open questions to help discover your inner truth. (Looking back, of course, it is clear that my real intent in convening this group was not to discern anything but to brag about being offered a job I had already decided to accept!)

Gulp! One stunning question rocked his world (see pages 44-46)--and he said no to a career-enhancing opportunity.

Favorite Story #2: Outward Bound.
Hanging from a cliff, 110 feet above ground in his first Outward Bound experience (more like "Outward Down"), Palmer had a profound moment (pages 82-85). Later he reflected, "I chose the weeklong course at Hurricane Island, off the coast of Maine. I should have known from that name what was in store for me; next time I will sign up for the course at Happy Gardens or Pleasant Valley!"

He describes five shadow-casting monsters: First, "insecurity about identity and worth." Next, "the belief that the universe is a battleground, hostile to human interests."

The third one is a real poke-in-the-ribs. "A third shadow common among leaders is `functional atheism,' the belief that ultimate responsibility for everything rests with us. This is the unconscious, unexamined conviction that if anything decent is going to happen here, we are the ones who must make it happen--a conviction held even by people who talk a good game about God."

The fourth shadow is fear, "especially our fear of the natural chaos of life. Many of us--parents and teachers and CEOs--are deeply devoted to eliminating all remnants of chaos from the world."

The fifth shadow that leaders project is, "paradoxically, the denial of death itself." He's savvy! "Leaders who participate in this denial often demand that the people around them keep resuscitating things that are no longer alive." If you're working on a strategic plan right now, you must read pages 89 to 91!

Think about this:

"We will become better teachers not by trying to fill the potholes in our souls but by knowing them so well that we can avoid falling into them." So...who is helping you identify your potholes--and how might that impact your "true self" vocation?

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Rabu, 24 Juli 2013

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Investment Valuation: Tools and Techniques for Determining the Value of Any Asset, Second Edition, by Aswath Damodaran

Investment Valuation
Tools and Techniques for Determining the Value of Any Asset
Valuation is at the heart of every investment decision, whether that decision is to buy, sell, or hold. But the pricing of any financial asset has become a more complex task in modern financial markets. Now completely revised and fully updated to reflect changing market conditions, Investment Valuation, Second Edition, provides expert instruction on how to value virtually any type of asset-stocks, bonds, options, futures, real assets, and much more.
Noted valuation authority and acclaimed NYU finance professor Aswath Damodaran uses real-world examples and the most current valuation tools, as he guides you through the theory and application of valuation models and highlights their strengths and weaknesses.
Expanded coverage addresses:
* Valuation of unconventional assets, financial service firms, start-ups, private companies, dot-coms, and many other traditionally valued assets
* Risk in foreign countries and how best to deal with it
* Using real option theory and option pricing models in valuing business and equity
* The models used to value different types of assets and the elements of these models
* How to choose the right model for any given asset valuation scenario
* Online real-time valuations that are continually updated at www.damodaran.com
A perfect guide for those who need to know more about the tricky business of valuation, Investment Valuation, Second Edition, will be a valuable asset for anyone learning about this critical part of the investment process.

  • Sales Rank: #343134 in Books
  • Published on: 2002-01-18
  • Original language: English
  • Number of items: 1
  • Dimensions: 9.92" h x 2.27" w x 7.32" l, 4.15 pounds
  • Binding: Hardcover
  • 992 pages

From the Inside Flap
Investment Valuation

Tools and Techniques for Determining the Value of Any Asset

Regarded as one of the top experts on investment valuation, NYU Stern Business School professor Aswath Damodaran returns with a completely revised Second Edition of his classic, Investment Valuation. This practical, comprehensive guide covers a wide range of tools and techniques, both new and old, for determining the value of any asset, including the valuation of stocks, bonds, options, futures, real assets, and much more.

Using updated real-world examples and the most current valuation tools, this Second Edition addresses new sectors such as dot-coms, private companies, and financial service firms that pose complex valuation problems. Damodaran guides you through the theory and application of different valuation models and clarifies the entire process from cash flow valuation and relative valuation to acquisition valuation.

An invaluable resource for authoritative information, analysis, and insight, Investment Valuation, Second Edition, covers all the key topics in asset valuation, including:
* Choosing the right valuation model for any given asset valuation scenario
* Applying valuation techniques to start-up firms, unconventional assets, private equity, and real estate
* Risk and return-domestically and abroad
* Value enhancement measures such as economic value-added (EVA) and cash flow return on investment (CFROI)
* Using real option theory and option pricing models in valuing individual assets such as patents as well as entire businesses

Investment Valuation, Second Edition, thoroughly explains the valuation process from the ground up and offers you some of the most flexible approaches to valuing assets. Now you can easily access a significant number of data sets and spreadsheets associated with this book online at www.damodaran.com. In fact, the valuations will be constantly updated online, so you can have a closer link to real-time valuations.

Filled with case studies and proven valuation models, this indispensable guide is a must for anyone wishing to gain a better understanding of investment valuation and its methods. Take the insight and advice of a recognized authority on the valuation process and put them to work for you today.

From the Back Cover
Investment Valuation

Tools and Techniques for Determining the Value of Any Asset

Valuation is at the heart of every investment decision, whether that decision is to buy, sell, or hold. But the pricing of any financial asset has become a more complex task in modern financial markets. Now completely revised and fully updated to reflect changing market conditions, Investment Valuation, Second Edition, provides expert instruction on how to value virtually any type of asset-stocks, bonds, options, futures, real assets, and much more.

Noted valuation authority and acclaimed NYU finance professor Aswath Damodaran uses real-world examples and the most current valuation tools, as he guides you through the theory and application of valuation models and highlights their strengths and weaknesses.

Expanded coverage addresses:
* Valuation of unconventional assets, financial service firms, start-ups, private companies, dot-coms, and many other traditionally valued assets
* Risk in foreign countries and how best to deal with it
* Using real option theory and option pricing models in valuing business and equity
* The models used to value different types of assets and the elements of these models
* How to choose the right model for any given asset valuation scenario
* Online real-time valuations that are continually updated

A perfect guide for those who need to know more about the tricky business of valuation, Investment Valuation, Second Edition, will be a valuable asset for anyone learning about this critical part of the investment process.

About the Author
ASWATH DAMODARAN is Professor of Finance at New York University's Leonard N. Stern School of Business. He has been the recipient of numerous awards for outstanding teaching, including the NYU university-wide Distinguished Teaching Award, and was named one of the nation's top business school teachers by Business Week in 1994. In addition, Damodaran teaches training courses in corporate finance and valuation at many leading investment banks. His publications include Damodaran on Valuation; Investment Valuation; Corporate Finance; Investment Management; and Applied Corporate Finance, all published by Wiley, and The Dark Side of Valuation.

Most helpful customer reviews

25 of 25 people found the following review helpful.
Positives and Negatives
By guy on the west coast
This was a worthwhile purchase, but there are definitely some limitations with this book.

Positives - Damodaran has his very excellent web-site to complement this book. He does a very thorough job of breaking down the fundamental determinants of investments from both a DCF and relative valuation viewpoint. After reading this very long and detailed book, the reader should have a solid grasp of the theoretical underpinnings of valuation.

In terms of actual content, I think he does his best work in the chapters on relative valuation, fundamental growth projections, betas, risk, and the whole process of deriving cost of equity, cost of debt, and the WACC.

Negatives - There are quite a few, but it doesn't diminish from my overall recommendation to purchase this book. Among the most glaring issues:

- Calculation errors. This is my biggest gripe with the book. It is so mathematical and technically-oriented, and it is absolutely vital that the numbers are calculated properly. I can't tell you how many times Damodaran miscalculates his own examples. And even the answers to the problem sets that he posts on his web-site have some flagrant errors. This is simply UNACCEPTABLE because of the nature of this book.

- Expository style is meandering at times. I feel that a lot of the chapters could be shortened, and sometimes, it seems like the professor goes on a tangent for the sake of being overly thorough. Very rarely, there are a some key sentences that require re-reading; and after doing so, you think he could have written it a lot more simply. But maybe the topic itself is pretty complex, making his job more difficult. As an example, you have to get through four chapters to see how the Professor advocates translating the financial statements into free cash flows, and the chapters are spaced apart (a complaint some other reviewer here made as well).

- More theoretical than practical in some areas. For simplicity, many examples are primed on complex mathematical formulas and over-simplifying assumptions about growth rates, ROIC, and reinvestment rates. I think a practical valuation requires being more faithful to the actual data. In this area, I think the McKinsey does a better job and it is more detailed (and hence, more useful) about how to deal with specific items on the financial statements.

- Aggressive attempts to unify all valuation scenarios (Chapter 22 - 34) is more theoretical than practically useful. I agree that DCF is the foundation of a lot of valuation analyses, but the Real Estate chapter is a good example of going all the way with theory. Having done real estate valuations, I can't see any practitioner appreciating this chapter for anything more than its conceptual and theoretical arguments. From an actual real valuation standpoint, it's pretty limited and well... academic.

All in all, it's a great book, especially from a concepts and theoretical perspective. But that shouldn't be all surprising given that the professor is an academic himself.

0 of 0 people found the following review helpful.
Great book -check the website first.
By Warren Trotter
Damodaran's writings are clear and easy to follow, but the details shown in his discussions are overwhelming. I feel that I gain valuable information on the first reading of a chapter, but I am forced to reread to approach a full understanding. This is not a criticism, but rather a compli ment, showing how much attention to detail that the author has shown. One of the main advantages of this text is Damodaran's free website. [...] This contains detailed answers to the end of chapter problems and information about all of his books I would suggest the the potential purchaser of any of his products visit this web site first

76 of 76 people found the following review helpful.
The best valuation book I know of, but not perfect.
By Andrew West
I bought this book to replace an older valuation book also by Damodoran. I'm a professional analyst and am quite familiar with valuations, and this book provides a very thorough and comprehensive guide. I bought it just in time to serve as guidance through a very heavy and comprehensive research project.
Everything I needed for the project was in the book, however one thing surprised and disappointed me: the organization. I simply don't see much of a logical flow in the chapter structure, so I think it would be more difficult to someone who wasn't already familiar with the basic structure of the valuation process. Why is market efficiency jammed between unrelated chapters? Why is the discussion and examples of the pro-forma capitalization of R&D split between distant chapters? Throughout a single project, one would have to keep the book marked in several diffent places, not neccessarily in the order that one would have to deal with the questions if one were doing a valuation. The result is that this book is less easy to use as a practical guidebook than it could be, and will keep one busy in the index looking for where subjects are addressed.
This is nit-picking however. Professor Damodoran is to be congratulated for producing such a high quality and comprehensive text on valuation.

See all 29 customer reviews...

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Minggu, 21 Juli 2013

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GAAP Handbook of Policies and Procedures (2017), by Joel G. Siegel, Ph.D., CPA, Marc H. Levine, Anique A. Qureshi, CIA, Jae K. Shim

The GAAP Handbook of Policies and Procedures is the most complete and user-friendly source of on-the-job help for applying generally accepted accounting principles in practice. It provides guidance in resolving any issues and problems that the accountant may face day-to-day in applying GAAP. The GAAP Handbook provides many rules of thumb. Its content includes informative rules, policies, and procedures applicable to CPAs and may be used as a training medium. This practical reference contains all of the important authoritative pronouncements on GAAP with references to ASC codification, and the corresponding references to the original literature, including APB Opinions, Accounting Research Bulletins, FASB Statements, Staff Positions, Interpretations, Technical Bulletins, and Concepts, as well as AICPA Statements of Position as an aid. Securities and Exchange Financial Reporting Releases and EITF Issues are also covered when appropriate. This volume contains accounting principles, financial reporting presentation requirements, required and recommended disclosures, and specialized accounting topics. The book includes examples, tables, exhibits, and practice aids that demonstrate how to apply GAAP in practice. In some cases, flowcharts are presented to explain, in clearer terms, the practitioner's decision process in applying a pronouncement. Current footnotes from annual reports provide clear examples of reporting.

  • Sales Rank: #501947 in Books
  • Published on: 2016-11-11
  • Original language: English
  • Dimensions: 10.00" h x 7.00" w x 2.50" l, .0 pounds
  • Binding: Paperback
  • 1800 pages

About the Author
JOEL G. SIEGEL, Ph.D., CPA, is a self-employed certified public accountant and professor of accounting at Queens College of the City University of New York. Previously, he was employed by Coopers & Lybrand and Arthur Andersen. Dr. Siegel has acted as a consultant in accounting to many organizations, including Citicorp, International Telephone and Telegraph, United Technologies, American Institute of CPAs, and Person-Wolinsky Associates. He is the author of 68 books and 300 articles on accounting topics. Dr. Siegel was the recipient of the Outstanding Educator of America Award and has served as chairperson of the National Oversight Board. MARC H. LEVINE, Ph.D., CPA, is a financial accounting consultant and professor of accounting at Queens College. Dr. Levine was previously associated with Deloitte & Touche. He has authored five books, as well as many articles that have appeared in major industry journals. ANIQUE A. QURESHI, Ph.D., CPA, CIA, is a business consultant and professor of accounting at Queens College. Dr. Qureshi has written 10 books and his articles have appeared in The Journal of Business Research, CPA Journal, EDP Auditing, National Public Accountant, Internal Auditing, and International Journal of Computer Applications in Technology. JAE K. SHIM, Ph.D., is an accounting consultant to several companies and professor of accounting at California State University, Long Beach. He received his Ph.D. from the University of California at Berkeley. Dr. Shim has 40 books to his credit and has published more than 50 articles in accounting and financial journals, including The CPA Journal, Advances in Accounting, International Accountant, and Financial Management.

Most helpful customer reviews

0 of 0 people found the following review helpful.
keeking us in compliance
By tikosmi
must-have reference for our accountants & comptroller

0 of 1 people found the following review helpful.
Good Book
By Luis Martinez
I would like to see some examples on the policies and procedures from real corporations and institutions.
thank you.
LM

0 of 1 people found the following review helpful.
Five Stars
By Amazon Customer
very pleased

See all 3 customer reviews...

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Jumat, 19 Juli 2013

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Organization Theory: A Practice Based Approach, by Ulla Eriksson-Zetterquist, Tomas Mullern, Alexander Styhre

Moving away from the more traditional linear narrative approach of other textbooks, Organization Theory: A Practice Based Approach addresses the subject in an exciting new way that is appealing to today's students. The authors identify the key questions, problems, and issues that practitioners face and then discuss relevant theories. In addition to traditional topics, they cover issues that are not always included in other texts--boundary spanning, leadership, quality management, strategic change, and developmental psychology/organizational learning--putting organizational theory into context and helping students to more easily engage with the material. In addition, a wide range of case studies illustrate how organizational theory applies to real-life situations.

Organization Theory: A Practice Based Approach is enhanced by a Companion Website that offers resources for both students and instructors:

For students:

* "What Happened Next" updates provide expanded versions of many of the cases in the book, detailing new developments and interesting outcomes
* Multiple-choice questions
* Further online reading and research

For instructors:

* Images from the book
* PowerPoint-based slides
* Seminar exercises
* Teaching notes
* Test bank

  • Sales Rank: #1173651 in Books
  • Published on: 2011-05-19
  • Original language: English
  • Number of items: 1
  • Dimensions: 7.40" h x .70" w x 9.70" l, 1.49 pounds
  • Binding: Paperback
  • 328 pages

Review

"This material is presented very differently than in existing organizational books. It starts with 'real life,' and then links and applies the various theories and concepts. This creates a very interesting read, and I believe that most students will find this style easy to grasp."--Bruce Mitchell, Oxford Brookes University


"This new book has many strengths. The questions--especially the chapter study questions--are highly relevant and are an extremely good starting point for class discussions and group work. Brilliant! The definition boxes also make the book very useful as a 'working tool.'"--Jeanette Lemmergaard, University of Southern Denmark and Aarhus School of Business, Aarhus University


About the Author
Tomas Mullern is Professor of Business Administration at Jonkoping International Business School. Alexander Styhre is Chair of Organization Theory and Management, Dept of Business Administration at the School of Business, Economics, and Law at the University of Gothenburg. Dr. Ulla Eriksson-Zetterquist is Associate Professor at the Gothenburg Research Institute, School of Business, Economics, and Law at the University of Gothenburg.

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Selasa, 16 Juli 2013

[S460.Ebook] Ebook Download Recording Secrets for the Small Studio, by Mike Senior

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Recording Secrets for the Small Studio, by Mike Senior

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Recording Secrets for the Small Studio, by Mike Senior

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Recording Secrets for the Small Studio, by Mike Senior

Discover how to achieve commercial-grade recordings, even in the smallest studios, by applying power-user techniques from the world's most successful producers.

Recording Secrets for the Small Studio is an intensive training course specifically designed for small-studio enthusiasts who want a fast track to release-quality results. Based on the backroom strategies of more than 200 famous names, this thorough and down-to-earth guide leads you through a logical sequence of practical tasks to build your live-room skills progressively from the ground up. On the way, you'll unravel the mysteries of many specialist studio tactics and gain the confidence to tackle a full range of real-world recording situations. User-friendly explanations introduce technical concepts on a strictly need-to-know basis, while chapter summaries, assignments, and extensive online resources are perfect for school and college use.

* Learn the fundamental principles of mic technique that you can apply in any recording scenario -- and how to avoid those rookie mistakes that all too often compromise the sonics of lower-budget productions.

* Explore advanced techniques which help industry insiders maintain their competitive edge even under the most adverse conditions: creative phase manipulation, improvised acoustics tweaks, inventive monitoring workarounds, subtle psychological tricks...

* Find out where you don't need to spend money, as well as how to make a limited budget really count.

* Make the best use of limited equipment and session time, especially in situations where you're engineering and producing single-handed.

* Pick up tricks and tips from celebrated engineers and producers across the stylistic spectrum, including Steve Albini, Roy Thomas Baker, Joe Barresi, Tchad Blake, Bruce Botnick, Joe Chiccarelli, Neil Dorfsman, Jack Douglas, Geoff Emerick, Paul Epworth, Humberto Gatica, Nigel Godrich, Andy Johns, Eddie Kramer, Kevin Killen, George Massenburg, Hugh Padgham, Alan Parsons, Jack Joseph Puig, Phil Ramone, Bob Rock, Elliott Scheiner, Al Schmitt, Bruce Swedien, Butch Vig, Tony Visconti, and many, many more...

  • Sales Rank: #465141 in Books
  • Published on: 2014-08-18
  • Original language: English
  • Number of items: 1
  • Dimensions: 9.25" h x .93" w x 7.52" l, .0 pounds
  • Binding: Paperback
  • 460 pages

Review
'This, Mike’s second ‘Small Studio’ book...is a perfectly targeted and very readable mine of technical information, practical advice and real–world home–studio experience...it’s a book that I’d be very happy to recommend unreservedly to enthusiasts, students and experienced practitioners alike.' - Hugh Robjohns, Sound on Sound

About the Author

Mike Senior is a professional engineer who has worked with Wet Wet Wet, The Charlatans, Reef, Therapy, and Nigel Kennedy. He specialises in adapting the techniques of top producers for those working on a budget, writing regularly for Sound On Sound magazine's 'Mix Rescue', 'Session Notes', and 'Mix Review' columns. He is also the author of the best-selling Focal Press book Mixing Secrets for the Small Studio.

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11 of 11 people found the following review helpful.
Practical / Well-Written / Drills Deep
By frankp93
I received a free item to review.

If you read Sound On Sound or have Mike Senior’s other excellent book ‘Mixing Secrets for the Small Studio’ you’ll find the tone here familiar.

Senior takes a bit more for granted in the reader’s prerequisite experience. If you’re a complete beginner to recording, I would say it’s not an insurmountable learning curve, but I think Bartlett’s ‘Practical Recording Techniques’ makes a better start for someone totally new to recording – along with some trial and error experience, that will always teach you things no book can.

Senior begins with an unorthodox and intriguing project – recording a music playing machine – a tape deck, mp3 player – as a sound source. By removing the ‘distractions’ of microphones and capturing an actual ‘moving’ performance, the author introduces quite a lot of material about basic workflow and the signal chain in both analog and digital contexts. Mind you, digital is clearly emphasized.

Successive projects progress logically and I think holistically in terms of the complexity of the source sounds as well as the subtlety and sophistication of the recording techniques - ‘sophisticated’ not in the ‘glossy overproduced’ sense, but in the sense of understanding the possibilities of the gear and the overriding importance of what Senior calls ‘the human element’.

Projects include recording vocals, single mic and multiple mic configurations for various instruments, all with a degree of depth not found in other books that try to be too encyclopedic in approach.

That’s the real strength of the book in my view – by limiting his boundaries wisely Senior does more with less and provides a greater amount of relevant information that an enterprising reader will teach himself to apply in other contexts.

This ‘human element’ as the author puts it, is evident throughout the book: It’s not about gear-fetishism or how to capture/recreate trendy (or for that matter, classic) sounds. It’s about being involved deeply and intelligently in the recording process and finding that to be a reward in itself - whether you’re working in a small professional or semi-professional studio or whether your ‘Own Private Abbey Road’ is little more than a tiny, misshapen spare room somewhere and your only client is yourself.

6 of 6 people found the following review helpful.
His writing comes across in a way that feels more like you're having a chat with a really cool guy ...
By sgchiasson
If you buy only one book on how to make an audio recording, this should be it! Not only does Mike know his stuff inside and out, he knows how to teach what he knows. His writing comes across in a way that feels more like you're having a chat with a really cool guy who happens to be an expert in his field as opposed to being lectured to by some stuffed shirt prima donna. His previously published book, Mixing Secrets for the Small Studio, literally transformed the way I approach a mix. The first project I mixed following the road map he laid out was productive, focused, fun, and one of the best-sounding mixes I've ever done.

Recording Secrets for the Small Studio presumes a certain level of know-how from the get-go, so rank beginners may do a bit of head-scratching from time-to-time. Similarly, if you've been recording for a while there will be sections you'll be tempted to skim over or skip entirely. Don't do it! There are nuggets of engineering wisdom on nearly every page.

Very highly recommended.

6 of 6 people found the following review helpful.
Great book. I really enjoyed Mixing Secrets
By S J Parker
Great book. I really enjoyed Mixing Secrets, and so had high hopes for this book. I wasn't disappointed. This is a great discussion on how to set up and use microphones. Very in-depth, and very informative. By the end of this book, I had a much deeper understanding of how to set up mics for recording, and how to choose which ones to use.

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Sabtu, 13 Juli 2013

[E548.Ebook] Download PDF Underwater Electroacoustic Transducers: A Handbook For Users and Designers, by Dennis Stansfield, Dennis Stansfield

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Underwater Electroacoustic Transducers: A Handbook For Users and Designers, by Dennis Stansfield, Dennis Stansfield

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Underwater Electroacoustic Transducers: A Handbook For Users and Designers, by Dennis Stansfield, Dennis Stansfield

This reprint is a practical handbook for users and designers of underwater transducers. It has been an authoritative text in the field since first published by the Bath University Press in 1991. Design methods are illustrated by concentrating on the design of piezoelectric transducers in the 2 - 20 kHz range, most commonly used in sonar systems. Designs for frequencies below this range are also discussed. Treatment is down-to-earth and avoids complex mathematics. Topics include the role of the transducer as an element of the complete system; wide bandwidth, high power transmitter applications; wide band hydrophones; characteristics of piezoelectric and magnetostrictive materials; and transducer testing. For the user, the wide range of topics and practical approach of the book help him to identify the most important features of the requirement and assist him in drawing up realistic specifications. For the designer, the book describes the necessary theoretical and practical aspects involved in developing a transducer to most effectively suit the application and it discusses the main features of the various types of designs.

  • Sales Rank: #3694023 in Books
  • Published on: 2002-05-01
  • Original language: English
  • Number of items: 1
  • Dimensions: 9.25" h x .88" w x 7.52" l, 1.63 pounds
  • Binding: Paperback
  • 429 pages

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1 of 1 people found the following review helpful.
Four Stars
By Reginald Aubrey
Much more detailed than Wilson's book, but also not as deep as Sherman & Butler.

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Selasa, 09 Juli 2013

[N967.Ebook] Fee Download Human Resource Management: Managing Employees for Competitive Advantage: Intrustor's Review Copy, by David Lepak

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Human Resource Management: Managing Employees for Competitive Advantage: Intrustor's Review Copy, by David Lepak

  • Sales Rank: #4221496 in Books
  • Published on: 2008
  • Number of items: 1
  • Binding: Hardcover

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