How do you value stocks? Finance textbooks argue that you should look at their dividends. But many stocks don’t pay dividends, and even if they do, it’s hard to forecast what they’ll be in the future. And newspapers talk about a stock’s 'price-to-earnings' ratio which seems nothing to do with dividends. This lecture will explore the essentials of stock valuation, explain what causes stocks to rise and fall so wildly, and demystify the jargon used by finance practitioners.A lecture by Alex EdmansThe transcript and downloadable versions of the lecture are available from the Gresham College website:https://www.gresham.ac.uk/watch-now/value-stockGresham College has been giving free public lectures since 1597. This tradition continues today with all of our five or so public lectures a week being made available for free download from our website. There are currently over 2,000 lectures free to access or download from the website.Website: http://www.gresham.ac.ukTwitter: http://twitter.com/GreshamCollegeFacebook: https://www.facebook.com/greshamcollegeInstagram: http://www.instagram.com/greshamcollegeSupport the show

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