'An excellent guide to the practical analysis of the value and risks of companies. Very well written and easy to comprehend whilst not avoiding real-life difficulties - the best book on company analysis and valuation I've read.' Jon Moulton, Chairman, Better Capital 'Excellent. A comprehensive and insightful view of the world of stock market investment. Fully deserves to become the investors' vade mecum.' David Webster, Chairman, InterContinental Hotels Group 'Impressive. Value consists of inherent qualities but also what the market makes of those qualities. Michael Cahill's book successfully describes how professionals value companies, how the market works and the issues investors must consider to reach a decision.' Sir John Egan, Chairman, Severn Trent Do you want to feel more confident about your investment decisions? Do you need to have a better understanding of how the stock markets value a business? The Financial Times Guide to Making the Right Investment Decisions is the insider's guide to how the market examines companies and values shares. It helps you understand the factors that drive long-term wealth creation as well as highlighting the key risks that lead to value being destroyed. Originally published as Analysing Companies and Valuing Shares, this new edition has been fully revised and includes a new and easy-to-follow framework for understanding valuation. Perfect for investors at all levels, it guides you through the investment maze, and highlights the key issues you need to consider to invest successfully.