Tag Archive

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

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

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

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

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

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

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

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

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

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

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

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

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

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

In his book – Investment Philosophies: Successful Strategies and the Investors Who Made Them Work, Aswath Damodaran discusses how to develop the right investing philosophy for you. Here’s an excerpt from the book: Once you understand the basics of investing, form your views on human foibles and behavior, and review the … Read More

In his latest webinar titled – The Illusion of Smart Money, Aswath Damodaran says that humility is the single most important characteristic you need to be a successful investor. Here’s an excerpt from the webinar: Humble vs Arrogant: I think that investors are better grouped into humble and arrogant, with: … Read More

In his recent interview on Business Today, Aswath Damodaran discussed why value investors should consider young growth money losing companies at the right price. Here’s an excerpt from the interview: Damodaran: The alternative, and you’re not going to like what I say, requires that you do the hard work of … Read More

In this interview with Nirmal Bang, Aswath Damodaran recommends that when someone tells you the market’s expensive, you should check out their age. Here’s an excerpt from the interview: Damodaran: The one thing though I’d caution you is when people tell you that the market is expensive check out their … Read More

In his recent interview with Poli Finance, Aswath Damodaran discussed his karmic view in investing. Here’s an excerpt from the interview: Damodaran: I’ll be quite honest. I think every market, every group of investors thinks they’re special. They think you value tech companies you think you need a special valuation … Read More

In his latest piece titled – Disclosure Dilemma: When more (data) leads to less (information)!, Aswath Damodaran explains why greater disclosure is actually hurting investors rather than helping them saying: As companies disclose more and more, investors should be becoming more informed and valuing/pricing companies should be getting easier, right? In … Read More