During this interview with The Millennial Investing Podcast, Aswath Damodaran discussed sticking to your philosophy of just buying the index. Here’s an excerpt from the interview: Damodaran: So to me sometimes companies make my list because I like to own them but I don’t like the price they’re at, but … Read More
Aswath Damodaran: The 3 Sins Of Data Analysis
During his recent Data Update 1 for 2023, Aswath Damodaran discusses the 3 sins of data analysis. Here’s an excerpt from the update: As I noted in my posts on data disclosure last year, this has led to at least three unhealthy developments. Data distractions: Faced with massive amounts of data, … Read More
Aswath Damodaran: Your Best Investment Philosophy Is The One That Fits You
During his recent interview with The Motley Fool, Aswath Damodaran explained why your best investment philosophy is the one that fits you. Here’s an excerpt from the interview: Damodaran: That’s why I end the book with a statement which is, the best investment philosophy is the one that fits you … Read More
Aswath Damodaran: Think Of Investing As Humble Money Versus Arrogant Money
In his recent presentation with the Nordic Business Foundation, Aswath Damodaran explained why you should think of investing as humble money versus arrogant money. Here’s an excerpt from the presentation: Damodaran: I’m going to suggest as a final point that rather than think of money as smart money versus stupid … Read More
Aswath Damodaran: Individual Investors Have A Huge Advantage Over Portfolio Managers
In his recent interview with The Motley Fool, Aswath Damodaran explained why individual investors have a huge advantage of portfolio managers. Here’s an excerpt from the interview: Damodaran: I think time is your ally, which means as an investor you need a long time horizon. The problem is we all … Read More
Aswath Damodaran: The Biggest Reason For Bad Valuations
In his recent presentation at Valuation ConFab, Aswath Damodaran discusses the biggest reason for bad valuations. Here’s an excerpt from the presentation: Damodaran: The biggest reason for bad valuations is bias. You know what I mean by bias? When you sit down to value a business you almost never value … Read More
Aswath Damodaran: Even The Worst Investors Can Get Lucky
In his recent online lecture on Valuation, Aswath Damodaran recalls a story about his mother-in-law to illustrate how even the worst investors can get lucky. Here’s an excerpt from the lecture: And finally if you’re ever given a choice between understanding everything there is to understand about corporate finance and … Read More
Aswath Damodaran: The Biggest Misconception About Valuing Companies
In his recent interview with Lunches With Legends, Aswath Damodaran discussed the biggest misconception about valuing companies. Here’s an excerpt from the intervew: Damodaran: I think it’s not even drivers of value, they mistake what valuation is. I mean and I think it’s become worse over the last 40 years … Read More
Aswath Damodaran: Moneyball Investing
In his recent interview with Invest Like The Best Podcast, Aswath Damodaran discussed his version of Moneyball Investing. Here’s an excerpt from the interview: Damodaran: I think the most common one is that you let recent history drive your forecast more than they should. I mean, this is well established by … Read More
Aswath Damodaran: Broken Business Models In Tech Companies Weren’t Apparent During Good Times
In his recent interview on CNBC, Aswath Damodaran discussed some of the broken business models in tech companies which were not apparent during the good times. In order to fix those models, companies can optimize software such as an online business simulation game. Here’s an excerpt from the interview: Damodaran: … Read More
Aswath Damodaran: The Inflation Genie Is Out Of The Bottle
In his latest presentation titled, In Search of a Steady State: Inflation, Interest Rates and Value, Aswath Damodaran explains why the inflation genie is out of the bottle. Here’s an excerpt from the presentation: The inflation genie is out of the bottle, and if history is any guide, getting it back … Read More
Aswath Damodaran: Investors Should Hang Out With People Who Don’t Think Like Them
In his latest interview on The Investor’s Podcast, Aswath Damodaran recommends investors hang out with people who don’t think like them. Here’s an excerpt from the interview: Damodaran: Yeah. One of the books I have, Narrative and Numbers About Stories. I started that because I noticed that we live in … Read More
Aswath Damodaran: The Problem With ‘Old Time’ Value Investors
In his latest interview with Elearnmarkets, Aswath Damodaran discusses the problem with ‘old time’ value investors. Here’s an excerpt from the interview: Damodaran: First, let me first push back. You said you’re an old-time value investor right? How many old-time value investors actually value companies? Maybe one in a hundred. … Read More
Aswath Damodaran: Sticking To Your Investment Philosophy Means Leaving Money On The Table
In his latest interview with Micha.Stocks, Aswath Damodaran explains why sometimes sticking to your investment philosophy means leaving money on the table. Here’s an excerpt from the interview: So in January 2020 I sold Tesla and I told people look it’s been a great stock for me but given my … Read More
Aswath Damodaran: The Karmic Path To Investing
In his latest interview with The Hindu BusinessLine, Aswath Damodaran discusses his karmic path to investing. Here’s an excerpt from the interview: What causes maximum stress to you in investing, and how have you handled it? This may sound weird, but I have never felt stress from investing. Don’t get … Read More
Aswath Damodaran: Greed Kills The Best Investing Strategies
In his latest interview on the Brave New World Podcast, Aswath Damodaran explains why greed kills the best investing strategies. Here’s an excerpt from the interview: I tell people, look I expect to be wrong on the biggest winners, because they are the biggest winners for a reason. They won … Read More
Aswath Damodaran: It Is Moneyball Time!
In his latest Data Update 1 for 2022, Aswath Damodaran says – It is Moneyball Time! He also provides four reasons why you should not always trust big data. Here’s an excerpt from the update: The Moneyball Question When I first started posting data on my website for public consumption, … Read More
Aswath Damodaran: Mythology Surrounding Great CEOs
In his latest article titled – Managing across the Corporate Life Cycle: CEOs and Stock Prices!, Aswath Damodaran discusses the mythology surrounding great CEOs. Here’s an excerpt from the article: It is no surprise that most people are convinced that there is a template for a great CEO that applies across … Read More
Aswath Damodaran: Growth Investors Have Become Lazy
In his latest interview with the Prague Finance Institute, Aswath Damodaran explains why growth investors have become lazy. Here’s an excerpt from the interview: Damodaran: I would argue that growth investors are becoming lazy now. Host: And are they becoming lazy… are they becoming lazy because of cheap money, quantitative … Read More
Aswath Damodaran: Don’t Put Great Investors On A Pedestal!
In this short Q&A session, Aswath Damodaran discusses a number of topics including why you should not put great investors on a pedestal. Here’s an excerpt from the session: I tell people that the person you need to most understand to be a good investor is yourself. I tell people … Read More