Living on the Fault Line : Managing for Shareholder Value in the Age of the Internet

Rating:
Summary: a call to reinterpret value
Review: Unlike others (such as Allan Kennedy in THE END OF SHAREHOLDER VALUE) Moore suggests that stocks that may be perceived to be overvalued based on normal measures (see Graham and Dodd's SECURITY ANALYSIS), but really they are worth whatever investors think they're worth because they'll only reward these companies as long as perform however they expect them to perform. He uses his book to show how some company market caps can be justified based. Interesting to know what he thinks now that the dot-com world is descending back down to earth.