Investment-management

Walk down a row of books on money in any bookstore and you will find that most of them say the same thing that this book says: nothing. It is an amazing industry where they can continue to sell books that do nothing but define what a financial product is without making applicable judgments. It reminds me of the financial service industry's repeated mantra "depends on your personal situation" so as to reserve the right to sell you anything later down the road. This is a long book of nothing but cursory descriptions of financial tools and terms. It is a long book only because it uses too much wordage to say what it does. A lot of the information was just plain wrong as well. On page 54, he displays a classic investment pyramid with high risk/return products on the top and low risk/return product on the bottom. "Collectables" are second from the top, corporate bonds are higher than blue chip stocks, and T-bonds are higher than utility stocks. Is this guy for real?

Everyone's Money Book is the most comprehensive,useful book on the market if you want to improve your personal finances. The book not only tells you how to invest, cut your taxes, get the best deal on insurance, etc, but gives specific resources like websites, associations, publications, government agencies that can help you put the advice into action. If you want even more detail on all these topics, check out Goodman's Everyone's Money Book Series by the same publisher on Credit, College, Retirement Planning, Financial Planning, Investing and Real Estate.

If you have this book on your shelf, you have no excuses. You may not read it cover to cover -- but any question you may have about managing your finances is answered somewhere in the 970 pages! Jordan gets you started and then provides you comprehensive bibliographies and webographies to explore your topic in depth. Every household needs an up-to-date reference guide and this is the best one out there right now. Unfortunately, it missed the latest changes to the tax code, but I'm sure the soon to be released Everyone's Money Book: Retirement Planning will catch them.

how could someone give it a five stars rating when in fact there is nothing in this book that really tell you much about eva except the fact that it improves company performance, not the how and why,

I bought this book based on the glowing reviews below, but as it turned out, the only reveiwer telling the truth was the one who calls this book a big commercial for Stern-Stewart.

Yes, EVA is a valuable, useful tool that has brought accounting out of the dark ages, but you already knew that -- that's why you're looking for books on EVA, right? Unfortunately, this particular book goes to a lot of trouble to try to convince you of what I just stated in the previous sentence. There. Now you don't need to buy this book.

I wish I could tell you which book to buy about how to practically implement EVA in your company, but, unfortunately, I'm still looking for a book that does that.

With EVA, Economic Value Added, Stern Stewart may well have found the Holy Grail of business management. By harnessing a more realistic view of the cost of capital to a singularly uncomplicated system of compensation to management aimed at the creation of shareholder wealth, EVA represents a kind of Grand Unified Theory of business success.

Al Ehrbar has written an very elegant, lucid and readable explanation of EVA. Anyone involved in any business of any kind, either as owner, manager or investor, can only profit from reading this book.

This book does NOT offer 'A practical guide to valuation' but a theoretical,oldfashioned discussion of the 'Metrics War'and some empirical research on EVA, Compensation and CFROI-Fade.

My rating has got these origins: Empirical research on Compensation,EVA and CFROI-Fade: A+. Discussion of EVA/CFROI: D-. Terminology: D value for 'Hands-on-valuation': F- Structure: F- Style: F-.

This book does contain interesting empirical research on EVA etc, but it does not offer 'A practical Guide to Implementation' because it does not contain a STAGE-Approach. Its terminology differs from any other book I've read, you must often guess, which formulas the authors used, because they did not have the courtesy to express their formulas. Some formulas are wrong nad their discussion of the 'metrics war' betweenn EVA and CFROI lags 5 years behind reality. They attack old methods of CFROI,which Boston Consulting and Holt Value published 5 (!) years ago. They fail to know, that BCG have refined CVA/CFROI and that BAYER. Lufthansa,and VEBA have implemented these refined CFROI-techniques,which are way better, than the old methods, which the book attacks.

Moreover, this book is terrible to read due to a lack of structure, the absence of clear definitions, the lack of formulas, a wordy style,which exhausts your nerves, and many value judgements....

Kudos to S. David Young and Stephen F. O'Byrne, management consultants who largely steer clear of their industry's usual empty catchphrases and superficial hype. Instead, their lucid explanation of the importance of shareholder value takes center stage. The heftiness of EVA and Value-Based Management may be daunting, but most readers will be satisfied with Part I's strategic overview. The concepts reappear in Part II accompanied by a wealth of technical details, calculations and case studies to help finance professionals with nitty-gritty implementation of EVA (Economic Value Added) programs. The book honestly assesses EVA's power to motivate managers, noting that some companies just are not well-suited for this performance metric. We from getAbstract prescribe this book to corporate executives who have overdosed on consultant jargon but still want to drive value growth in their companies, and to finance specialists who seek a comprehensive roadmap to EVA implementation.

As an author, speaker and consultant on these topics, I highly recommend this book. Not only have the authors discussed the pros and cons of a number of approaches thoughfully and concisely, they also expand the level of understanding related to the calculations in an accessible way. Their book discusses both implementation issues and the nitty gritty of the mechanics. In sum, the book takes the reader to the next level of understanding. I highly recommend this book.