Jonathan Berk
Jonathan Berk is a distinguished finance scholar and professor at the Stanford Graduate School of Business. Known for his expertise in finance and economics, he has co-authored several influential textbooks, including "Corporate Finance." Berk's research spans asset pricing, corporate finance, and mutual funds, earning him recognition in academic circles. He holds a Ph.D. from Yale University and has contributed significantly to both theoretical and practical aspects of financial education.
Book summaries for books written by Jonathan Berk
Quotes
The goal of any firm is to maximize its value.
The value of a firm is the present value of its cash flows.
Risk and return are related.
The time value of money is a fundamental concept in finance.
Diversification helps reduce risk.
The cost of capital is the required rate of return for the firm.
Debt is cheaper than equity, but it comes with obligations.
Investors are risk-averse and require higher returns for taking on more risk.
Financial markets are efficient in reflecting all available information.
Capital budgeting involves evaluating long-term investment opportunities.
Leverage can magnify returns but also magnifies risk.
Derivatives allow firms to hedge against price fluctuations.