In everyday conversation, it's common to hear that 'x' person or company is 'worth n number of dollars'. When people make these sorts of statements they are engaging in valuation. They are making a statement about the worth of a company or person (or an asset, as the case may be). Valuation can be a very useful undertaking, especially in the context of a forensic investigation, but behind every valuation is a series of assumptions that we seldom consider. Valuation is essenti