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John Burr Williams information


John Burr Williams
DiedSeptember 15, 1989(1989-09-15) (aged 88)
Weston, Massachusetts
NationalityAmerican
Academic career
InstitutionUniversity of Wisconsin–Madison
FieldFinance
Alma materHarvard University
InfluencesJoseph Schumpeter
ContributionsIntrinsic value
Fundamental analysis of stock prices
Discounted cash flow valuation
Gordon model

John Burr Williams (November 27, 1900 – September 15, 1989) was an American economist, recognized as an important figure in the field of fundamental analysis, and for his analysis of stock prices as reflecting their "intrinsic value".[1]

He is best known for his 1938 text The Theory of Investment Value, based on his PhD thesis, in which he articulated the theory of discounted cash flow (DCF) based valuation, and in particular, dividend based valuation.

  1. ^ "Finance". cepa.newschool.edu. Archived from the original on 2006-07-02.

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