Where do I begin with this book, littered with writings by second-hand-dealers of information from holders of glorified government jobs (academics)? Armchair leaders, who would perish without the comfort of the Ivory Tower (Noam Chomsky). I should start by saying that such foolishness could only come from a university setting. In no other case would people spend so much time trying to talk away things that have been demonstrated to be foolish by the experience of others.

A few examples:

1. Manning Marable's article compares Booker T. Washington to Louis Farrakhan? Huh? Huh? Huh? This person is selling himself as a professor of history, yet he doesn't know that the main idea of what Washington said was to AVOID trying to find a political resolution to every single problem? Louis Farrakhan generates lots of heat but doesn't shed very much light on what would be *realistic* solutions to the problems in black America.

2. Empty Phrases used every third page or so, like "People of Color." Anyone who can read the Statstical Abstract of the United States knows that peole of color have nothing in common other than being non-white. The similarities stop right there in terms of income, incarceration rates and representation in "higher" professions. Everyone seems to have looked right past this in their quest to have some subjects to generate a leadership position for himself.

3. There are almost no specific numbers or studies here. So Howard Zinn will say things like: "We are wealthy enough for full employment and free education as well a free health care for everyone." But other countries (i.e., Canada and Britain) have found out that it is one thing to promise something and then quite another to support the bureaucracy that will carry this out. A systematic study of what has really happened in other countries that have tried these grandiose ideas might change the minds of these academics. But, as always, evidence is neither mentioned nor presented. But these articles are ALL very light in terms of their analytical gravitas.

Bottom line #1: Black America has been set back a good long way by relying on arguments like these presented in this book. If anything, reading this book has made me even MORE conservative. Bottom line #2: The government cannot legislate every problem out of existence. (See Sub-Saharan Africa/ China for textbook examples.)

This slim book is a nice introduction to a lot of amazing political writers. It is just an introduction and does not go into any real depth. At the cost, it is not worth it to get the hardcover. Get the paperback.

The best part about this book is its title, emphasizing that business valuation is art coupled with continuously developing financial theory. Unfortunately, the theoretical concepts in the book are of virtually no value to anyone with even a fundamental schooling in the theoretical aspects of business valuation.

Not only is the work light on theory, but it ignores generally accepted techniques in the discussion certain technical valuation concepts.

Anyone with a solid grounding in the core "Valuing A Business" textbook of Shannon Pratt, should save his money and, instead of buying this book, acquire some of the supplemental texts of Pratt, Reilly and Schweihs. They're more expensive, but worth it.

For someone who wants to understand business valuation and have a usable and accepted reference, buy Pratt's 4th Edition.

This book may have limited value to someone not active in the field who wants a very basic introduction, but reading it will give the reader only enough information to be confused if asked to apply what he has learned.