‘Fool’s Market Value’

Business Valuation UpdateVol. 14 No. 1
January 2008


In “Reality Check: Testing Valuation Conclusions for ‘Fools Market Value,’” (Dec. 2007 BVU), Mike Pellegrino presents the view that when, for example, the price paid in the market for an asset is 100 times earnings, then this price is not “fair market val ...