Summary:
The book provides a comprehensive framework for understanding corporate finance, focusing on four key principles: the core of value, the conservation of value, the expectations treadmill, and the best owner. It offers practical guidance on how companies can create and sustain value, with insights into managing business portfolios, investment strategies, and performance metrics.
Key points:
1. Core of Value: Companies create value by investing in projects with returns higher than their cost of capital.
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