Week 13 Reading Reflection

For this week's assigned reading, my biggest surprise was the concept on emotional bias. I think that a part of the reading that was confusing to me was the term, adjusted tangible book value. I would probably ask the author to further explain this term, so I would be able to understand this concept and the chapter as a whole, better. I would also ask the author about what he/she thinks is the difference between price/earnings ratio method, and discounted earnings method, because these are two ideas that are very interesting to me. There was nothing that I think the author was wrong about, in this chapter, though.