John Burr Williams | |
|---|---|
| Died | September 15, 1989 (aged 88) |
| Nationality | American |
| Academic career | |
| Field | Finance |
| Institution | University of Wisconsin–Madison |
| Alma mater | Harvard University |
| Influences | Joseph Schumpeter |
| Contributions | Intrinsic 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.