Tag Archive

During his recent interview with Excess Returns, Aswath Damodaran explores the impact of AI and automation, particularly in the context of mechanical, rule-driven tasks like factor investing. He emphasizes the need for individuals to differentiate themselves from machines by focusing on tasks that AI cannot easily replicate. Damodaran suggests that … Read More

In his recent interview with At The Money, Aswath Damodaran compares the aging process of people to that of companies, noting both benefits and limitations. Aging brings financial security and fewer responsibilities, but also physical constraints. Similarly, businesses evolve through stages like human beings—from needy startups to reckless “corporate teenagers” … Read More

During his recent interview with Equity Mates, Aswath Damodaran explained that most people rely on pricing, when it comes to valuing businesses, which is simpler but might not reflect the true value of a business. Intrinsic valuation demands more effort but offers a deeper understanding of an asset’s worth. Put … Read More

In his recent interview with CNBC, Aswath Damodaran discusses why he believes the current market is overvalued by about 9/10 percent. He attributes this to a shift in the expectations, where previous predictions of a recession and adverse economic conditions turned out to be the opposite. He contends that positive … Read More

In this interview with Aikya Connect, Aswath Damodaran argues that even though the tools and data for analyzing businesses have evolved over time, the core drivers of value haven’t changed. He uses the example of a 16th-century Venetian glassmaker to illustrate how the fundamental questions for determining a business’s worth … Read More

During this interview with AIKYA, Aswath Damodaran explains why investing is really all about pricing. He believes that valuation is a long-term game that most people are not equipped to play. He suggests that the excuse that valuation is too difficult to do is simply an excuse for people to … Read More

In this interview with Morningstar, Aswath Damodaran discusses how luck plays such a dominant role in investing, and it’s impossible to eliminate it entirely. The key is to reduce exposure to luck by diversifying investments and maintaining humility. Damodaran advises that investors should recognize that their efforts may only slightly … Read More

In this interview with Invest Like The Best, Aswath Damodaran discusses a notable change in investors’ behavior. In the past, they didn’t pay much attention to the cash sitting in their brokerage accounts due to low interest rates. However, with current higher inflation rates, they have become more aware of … Read More

During this interview with The Investor’s Podcast, Aswath Damodaran discusses overcoming investment blind spots by valuing companies you don’t understand. He says, Warren Buffett has been open about the fact that he didn’t invest in technology stocks enough. Here’s an excerpt from the interview: Damodaran: That’s why I said don’t … Read More

During this interview with ZoomStocks, Aswath Damodaran discusses the hard truth about active investing and the few things that can give an investor an edge. Here’s an excerpt from the interview: Damodaran: It happens, right? Crowds are not magical. They make mistakes. Markets make mistakes too. So that’s irrelevant, right? … Read More

During his recent presentation, Aswath Damodaran explains why it’s better to be lucky than to be smart or good. Here’s an excerpt from the presentation: Damodaran: Now, I’d like to start this session with a few confessions. The first is a boastful one. Which is, my portfolio has held its … Read More

In this interview with Everything Money, Aswath Damodaran explains why investors should keep it simple when investing, but not simplistic. Arguing that investors should only add detail to their analysis when it’s necessary to make an informed decision. Here’s an excerpt from the interview: Damodaran: I think you have to … Read More

During his recent presentation, Aswath Damodaran explains why the biggest sin in investing is arrogance. Here’s an excerpt from the presentation: Damodaran: If the greatest sin in investing is arrogance, markets exist to bring us back to earth and teach us humility. The first half of 2023 was a reminder … Read More

During this interview with Chartered Investor, Aswath Damodaran explains how stock valuation has changed over decades. Here’s an excerpt from the interview: Damodaran: Ben Graham actually listed 12 screens. It’s amazing how much of old-time value investing is stuck on those screens. So first let’s dispense with the notion that … Read More

In this interview with Kostadin Ristovski, Aswath Damodaran discusses how many stocks you should have in your portfolio. Here’s an excerpt from the interview: Damodaran: I think it’s a sign of arrogance when you say I’ve found the best company, because remember there are two things that have to hold … Read More

During his recent presentation to the CPA Society of New Zealand, Aswath Damodaran discussed his Bermuda Triangle of Valuation. Here’s an excerpt from the presentation: Damodaran: The three biggest enemies of valuation, and I call this the value… my Bermuda Triangle of valuation. Are bias, complexity, and uncertainty. Let me explain. … Read More

During his recent interview with Morningstar, Aswath Damodaran explained why investors should hang-out with people that disagree with them. Here’s an excerpt from the interview: Damodaran: I’ve learned some of the most valuable things in valuing companies from listening to people who disagree with me the most. Another hallmark of … Read More

During his recent interview with The Big Picture, Aswath Damodaran discussed the lack of rationality in investing. Here’s an excerpt from the interview: Damodaran: Behavioral and emotional factors play a much, much bigger role than economics and decision-making on economic decisions, starting with where you buy a house, how much … Read More

During his recent interview with Business Today, Aswath Damodaran explains why we have a ‘trust deficit’ that began in 2008. Here’s an excerpt from the interview: Damodaran: They can do that with the single institution, they can’t do it with institutions collectively. The reality is the regulators put together do … Read More

During his recent interview at the SKAGEN Funds New Years Conference 2023, Aswath Damodaran discussed the biggest mistake that investors make. Here’s an excerpt from the interview: I think most investors are traders, not traitors, but traders. In other words the essence of trading is you buy low, you sell … Read More