Aswath Damodaran - Laws of Valuation: Revealing the Myths and Misconceptions - Nordic Business Forum

[@Riggsnic_co]

Protecting your capital is much more important than making money. Basically because if you lose your capital, making money is much harder. ''Missing the train'' vs. ''losing your money''. There are a lot of trains, but if your money is gone, it's over.

[@hermanramos7092]

Wall Street pitched so-called quality stocks with high profitability and low debt, as a kind of insurance against whatever the economy might throw at you. Quality stocks have underperformed the S&P500 this year, My $200k portfolio is down by approximately 20 %, any recommendations to scale up my returns on investment

[@martingiavarini]

Nobody knows anything You need to create your own process, manage risk and stick to the plan, through thick or thin While also continuously learning from mistakes and improving.

[@Oly_laura]

Exactly why i enjoy market decisions being guided by a pro , seeing that their entire skillset is built around going long and short at the same time both employing risk management and market experience , been using a portfolio-coach for over 2years+ and I've netted over $3million in that time frame.

[@hermanramos7092]

@@Oly_laura Do you mind sharing info on the adviser who assisted you? I'm 39 now and would love to grow my stock portfolio and plan my retirement

[@Oly_laura]

@@hermanramos7092 My advisor is ‘’Catherine Morrison Evans’’ she’s highly qualified and experienced in the financial market. She has extensive knowledge of portfolio diversity and is considered an expert in the field. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market

[@t-dog6718]

KZbin really amazes me man, sometimes you watch cat videos for hours and sometimes you stumble across some life-changing peace of advices. Great Presantation! I'm a big fan of Prof. Damodaran and the incredible knowledge he's passing on👏👏

[@icanbemailed2]

:) Absolutely yes.. Just that in my case is watching elephant videos for hours.. :)

[@brbabu68]

Concepts made easy to understand through simple examples Hats off to Aswath

[@thechocolatebarfipodcast4209]

*Pieces of advice

[@Locdawg2009]

To funny but true

[@prasadvenkatesha4938]

@@icanbemailed2 v

[@JohnLincolnUSA]

I have been an ardent fan and follower of Professor Damodaran for over 30 years. He made me a fundamentalist. Today he has evolved and thanks to him, so have I. What a brilliant mind.

[@pulakeshsaha1835]

Would love to hear from you how you channeled his knowledge into your fundamentalist approach

[@abhisekroy5434]

​@@pulakeshsaha1835 Nagarmlllll😊lopllll😊l.l ll l ki. L😊l.😊oo ll M l . Pm lpllpll😊llml ?lp.ll ok😊lol😊😊ll😊lllll.l ok ll ll LLP LLP ok ll😊 ok ll😊l ok mlll ll l Ll ollo lo ok ok l ll lol L ll ll Lo Llol Ooloo ll lol ll lllml llll lmllollllol ll ll l ll ll ll lol.lll ok llll .l Lolololll ok lol ll ll Lllllll.?😊😊😊

[@kartikpandey8739]

@@pulakeshsaha1835 Not 30 years. But I have definitely been keen about fundaments. Although, I would love to know about John's learnings, here's mine. Basically, I shut down to any thing but what is tangible, commensurate and recorded. It does involve the sheets, but also the overall past decisions in crisis and peace of the management (and do I resonate with it). I also look for any corporate relationships of the firm within and outside their industry. The meaning of fundaments to me then becomes a strong and reliable pattern of trust and familiarity with the nature of the firm. A firm is not only a legal but then living entity too.

[@SaravananOrg]

I can't even recall when was the last time I heard a lucid delivery like this one. Hats off to him!!

[@vaibhavgupta20]

he also runs a youtube channel.

[@ajayreddy8732]

Watch some Sadhguru

[@vinodhm3369]

சிறப்பு

[@parnamsaini4751]

@@ajayreddy8732 Bettet than him, you mean?

[@parnamsaini4751]

@@vaibhavgupta20 KZbin Baba?

[@chandramoulir4568]

Prof. Aswath Damodaran comes from an illustrious lineage. His paternal grand father was Sir Ramaswamy Mudaliar of the famed Arcot Twins. His parents AR Damodaran and Andal Damodaran were social entrepreneurs and founders of ARLM School of Cuddalore TN India. A proud alum of that school. 🙏

[@nilimabramhane7636]

0

[@srivathsannadathur9452]

Oh wow there is a Ramaswamy mudaliar street near my home in Chennai. Never imagined I would learn about that man from a comment in this Video after 50 years

[@raviaguva1]

It shows. Arcot Brothers were legends in their time. Ramaswamy mudaliar N Lakshmana swamy Mudaliar.

[@phoebusapollo4677]

More name dropping. How Indian of you!

[@iamwatiam-o4z]

Stop living in the past and names man...just learn and move on.

[@sudhindrakopalle7071]

Aside from his obvious mastery of the subject, his delivery is so smooth, effortless and articulate. He has been speaking in front of audiences for decades but does not take away his dominant presence on stage.

[@harrisonjamie794]

We are already in a big crash Inflation is a catastrophe. This CPI report is a colossal failure. To bring the housing market to a halt, the FED will have to pull all the stops. The unfortunate issue is that other markets are being decimated. If you want to stay green, you have to rely on a lot of diversification. Currently up 14% and being careful. Still a better deal than leaving it in a savings or checking account yielding 0-1 percent interest.

[@BrunoLuke]

Whichever firm you select, make sure you get your insurance from a reputable financial adviser, such as KRISTIN GAIL CUNNINGHAM who has dedicated her career to financial planning. Because they will assist you in escalating, navigating better, and completing the task in a safer manner.

[@harrisonjamie794]

@@BrunoLuke I want to build a diversified portfolio based on my personal income. I am easily triggered/highly emotional, which could be detrimental to my portfolio. I hope I am a patient and systematic person. day trading is not for everyone and multiyear holding is not for everyone. I know my strengths that's why I need proper guidance to be able to venture

[@BrunoLuke]

@@harrisonjamie794 I have saved myself from all the hassle that chaotic market causes. These days the best way to come into the market space is by reading, studying, being patient, and seeking guidance when necessary, due to my line of work I can’t handle my portfolio so I just copy the trades of my FA. I saw her on Bloomberg business news. It’s been smooth since then.

[@harrisonjamie794]

@@BrunoLuke how can I reach this person because I am in need of a better investment approach?

[@BrunoLuke]

@@harrisonjamie794 quickly do a web check where you can connect with her, and do your research with her full name mentioned

[@damodaranvanisri]

Oh my god almost 16 years later I am listening to Professor Damodaran’s voice. How wonderfully he has aged. It was early years for KZbin. Prf. Damodaran’s full lectures existed even 15 years ago. Those days the economic students in the university used to ask ( just for fun though) If I was somehow related to him. Haha 😂

[@damodaranvanisri]

@@jagdiogan424 No no no, just the common second name😊. ( I wish I was)

[@manubhatt3]

He is The Great Madrasi Valuation Anna!

[@Asmrani1974]

This man is a real global treasury that deserved to be glorified, he Should have been Nobel prize winner for what he has been doing

[@JSVKK]

His nickname is "the man just beyond our imagination "

[@zorbagreek5556]

Lol 😂

[@mallukittens177]

You are bs. He is just a professor teaching economics nothing special. He have done nothing in real life other than criticising companies and CEOs.

[@svpl88]

You may want to learn about what Nobels are awarded for

[@malingajosephkirk1045]

😂​@@mallukittens177

[@adilmarzouk5311]

a deeply passionate academic about a subject that is garnering a lot of attention: valuation.

[@leojmullins]

Been flowing him for years but first time I have seen him teach. Brilliant.

[@AmorEtPsyche]

It's always refreshing to hear Aswath speak, bringing everything together in a pleasant overview scene.

[@imadarfin1485]

Aswath Damodaran, never disappoints, excellent lecture. He reminds me of Prof. Vikas Srivastava of Indian Institute of Management, Lucknow. Same type of delivery, every single word of his lecture used to be valuable.

[@dwipbhakti]

one word...legend. May prof Aswath never gets tired to share your light

[@carscoffeeandmischief]

If this professor puts together an index fund , I’ll definitely invest in it.

[@Usman-ml4ig]

Yes, do so!This self-proclaimed guru 'valued' Tesla stock at $32 in the year 2015, and claimed the share was massively overvalued! ........ Right now, it's over $750!! 😄😄

[@shawbertocarlos2894]

@@Usman-ml4ig and a certain @Usman on KZbin is using a 2015 valuation as a metric for today 😄😄

[@jaidevnani372]

@@Usman-ml4ig Just to give some context, a company like apple had a market cap of 583 billion and it made 233 billion in revenue. Tesla, on the other hand, had made a tad over 4 billion and was valued at 31.5 billion. So at the time, it was definitely overvalued. It still is massively overvalued and their vision is being paid for as if they'll face no problems ever in the future.

[@vlrvrl4443]

@@Usman-ml4ig he values not prices

[@RusterZa]

@@Usman-ml4ig Good luck with your overvalue price, idiot

[@shivargvfilm1989]

This video commands multiple watches from an amateur investor like me... I can confidently say this guy is gutsy and brilliant... This 28 mins video added new perspective to me in investing...Time will tell how well I use this information

[@AsanteBennett]

Trust me this is one of the best presentations I’ve watched, I was hooked from scratch to the end.

[@gideondavice3147]

It's not everytime you see a video on KZbin that you wish has no end.

[@yoosahbiimi1338]

What a lecture... These are the people who must be watched and listened to. Great thinking human beings. Great value. Beneficial for me as an entrepreneur.

[@knaraya936]

Prof Damodaran is the King of valuation and I am so happy to have found this lecture at a time when I need it most for my own Company. Thank you Dr Damodaran!

[@henryhill3838]

I have far too many videos in my Watch Later... This gem of a video played by accident. Absolutely amazing insight, delivery, and presentation. Thank you, Professor Damodaran!

[@turdsammich9373]

Thank you Prof. D! You explain valuation in a way that makes me think differently about valuating companies… you are definitely a gift to society! 👍

[@Luqman.Khawaja]

If anyone want to read multiple books 📚 on Finance or Financial psychology or just listen this 28:47 minutes video only. I thinks it could be equally beneficial. Salute to Aswath Damodaran. What a beautiful way to explain it with simple examples.

[@pvvarghese9583]

Sir, I could not find the list of books, rather no book is mentioned in the entire lecture.

[@wroomauto7615]

OMG What a sound quality BEST I have heard on any YT stage video

[@HarshaYadav]

There are a lot of ways people complicate valuation but only a master can put it in such a simple way.

[@eversunnyguy]

Well said.

[@Pristine_06]

Wow.. just wow..I get one day off for myself and this session is the BEST thing to happen. Pure genius and thanks for dispelling our darkness with this enlightenment.

[@josemariamateos1973]

Wonderful presentation, I loved your approach to management based on the corporate life cycle and the principle that technology companies age in "dog years".

[@adityashikhar6143]

Now! Please teach this art of lecturing to my university professors as well!

[@kalyanyadav1984]

😂😂

[@pratikrao22]

This is best video, must watch if you want to invest into any company. He explained very well about life cycle of business.

[@thetruth3322]

The simplest way to explain valuation is the Need of human, and its quantification of demand and supply in that particular time. No company is permanent or the executive. But understanding of the requirement and it's supply determines winning of the rat race.

[@hongloannguyen190]

such a great talk I have ever seen . Thank you so much Damodaran. Wish to see you one day!

[@lord9562]

Definitely, the BEST talk I've heard on Finance, Management, and Life in general as applied to Lifecycles !!! I'm going to talking about this A LOT to everyone I know.

[@TheSocialDrone]

What an amazing session! 30 minutes worth spent on KZbin!

[@hazmarfauz4793]

What a brilliant lesson on valuation! It's all about the story that drives multiples. We'll worth the 20 minutes!

[@evinrohrbaugh8592]

The superstar of valuation!

[@sibsaurabh]

One of the best talks, I have ever seen. He was awesome, when the video ends I was like it is not 25 minutes.

[@keithlgray]

Aswath Damodaran is a visionary... Love this guy!

[@ShoresOfHelll]

Wow. This guys really knows how to give a lecture. Amazing.

[@michael57603]

I was waiting for his solution for declining companies and found it towards the end: liquidation! I think this is highly simplistic if not depressing. The reality is, many companies have re-invented themselves over time by developing new strategies, entering new markets, developing new products, selling off old businesses, and so on. I think this is a major inadequacy of this theory. Will a CEO seriously apply this theory if they are running a company in the decline phase? Apart from that, his corporate lifecycle theory provides some useful insights such as appropriate CEO for different phases.

[@renanlavor2374]

"selling off old businesses" that is what he means by liquidation (i think). I believe the cycle can restart after you sell old business, keep the core and invest in research and development.

[@holyshit860]

@@renanlavor2374 I agree with this, take IBM for example, built computers in their early history and consulted along the way before selling parts of their business to others and has now invested that into things like Watson AI, etc. which they hope will bring value

[@rajeevbajaj171]

One of the best lectures on valuation based on the stage & age of a Company, by Prof. Damodaran. Awesome 👍

[@TheGmanfresh]

Do you haters not understand this is the god king of equity valuation?

[@concha1011]

😂

[@sanjit_misra]

Whomst intern 🥴

[@223554545]

Dont use the term of god on a human

[@j.metzger1730]

Wow, what a convincing argument (appealing to authority is never valid). Amd by his principles all in FANG should be dieing about now. His comments about Tesla didn't age well either. Wouldn't call him a God for now. I took away good stufd from him but one shouldn't take everything he says as gospel (which actually applies to any person). Only if ypu think for yourself you will come into a position like him. He definitely didn't get there by just repeating stuff othes say like a braindead.

[@JoelChenFa]

@@j.metzger1730 The Tesla story is maybe in the "mid game" only.

[@flamingjob2]

Such an awesome presentation. Legendary. Kudos to Mr aswath.

[@hugofranciscocaycedogodoy1107]

What professor Damodaran calls "compressed cycles" in technological companies , i would call it "early maturity", which means that technological companies reachs quickly the mature state but at the same time they can eventually prolonge their declining by innovation and market strategies.

[@hardy2175]

Theoretically yes, so can a 45 year old start afresh. But most don't.

[@urmikhatri5119]

Agreed

[@fervent123]

Great delivery! Funny thing is, however, you can always pick and choose examples to buttress your point. There can be endless stories for the same time period of history, all delivering different narratives that are all believable depending on who is delivering and who is listening.

[@Satnam7275]

I was perhaps blessed today that I had the opportunity to listen to Damodaran Sir.

[@navneetraj9393]

This dude & @Naval Ravikant is challenging the perception we have around startup and business landscape.

[@SO-vq7qd]

00:05 The key things discussed are the corporate life cycle, the changing focus of a company, the importance of story in valuation, and the changing role of a CEO. 04:02 Companies go through a life cycle from startup to decline. 07:56 Company life cycles are getting compressed, with tech companies aging in dog years. 11:57 The three principles of corporate finance are investment, financing, and dividend. 15:31 Young companies that borrow money can destroy value by trying to be something they are not. 19:02 Amazon is a disruptive platform that can effectively go after any business. 22:16 Valuation is a bridge between stories and numbers. 25:26 Life cycles have become compressed, leading to more disruption in management ranks. Crafted by Merlin AI.

[@SamuelAVillegasA]

Thxs Proffesor. Brilliant, as usual. Once more: My respects

[@anilpagare6611]

What an amazing way of explaining things!!!!! builds up lot of interest and surely thought provoking.

[@djabu5821]

What an amazing delivery of much misunderstood valuation and the right ceo in the context of lifecycle. Exciting times we all live in. Thanks for sharing!

[@ankitsharma-xc7bs]

Everything great about this lecture.

[@Snair1591]

What a brilliant lecture! Because it was so simple to understand for the complexity it had. Thank you Professor!

[@ankitagarwal9343]

I am from 2023 august and i didnt know this man but now i saw this and his predictions and i am mind boggled by the accuracy of his predictions and now i will follow his analysis see all his videos and just be obssessed with himmm

[@mehedi0007]

My goodness! I was feeling I'm listening to the most beautiful music about finance! I'm an investment analyst, I never witnessed this kind of lecture or tutorial on youtube or in my university!

[@annemaxwell9975]

What a great presentation, yet a flat ending, the professor didn't end definitively then someone runs on to the Q&A session with the preface our cup doth not runneth over quip, we don't have any time. Appalling. Make the time. Delegates will never complain the speaker ran over with too much insightful, engaging and pertinent Information. And the speaker has to end their information transfer with words which translate into how brilliant was what I just told you.

[@imzan3650]

When Aswath was born, Finance called him the farther!

[@no1no1655]

Geez Louise! This guy isc Awesome. Had to speed it up to 1.25 Because his beach pattern is so slow. but Incredible wisdom here! I hope all business schools are getting this type of instruction

[@12121sk]

[MBA] Subjects can be so interesting .. I started believing this from this lecture.!

[@roopmukherjee3006]

His confidence speaks, about his experience.. Excellent.

[@sachind62]

How would you describe Microsoft as a company. In past few years it has reinvented itself and is doing great.

[@GeorgetheArchitect]

Just unbelievable! No one explains like he does

[@krishnaraghupathy8236]

Excellent teaching by my Guru. The illustration of the life cycle of companies is fascinating. But sir, I have a question. There are companies that have been in existing for over 100 years like Unilever, employing more than 127,000people and touching the lives of 3.4 billion people. if we say that they are on the decline phase, will it not lead tomassive unemployment and a huge economic set back both for the company, its stakeholders and the world in general. What should such companies do. Is it possible for a company to swim back from Decline phase to growth phase again

[@candyfloss184]

During my Mba from the premium most institute of eastern India....I used to learn from his corporate finance book. Thank you for this presentation.

[@ajit8d]

man ..this is pure gold absolutely free...

[@malluflixofficial]

Best 25 minutes spend in KZbin today

[@LDacic]

Thanks a bunch for uploading. Damodaran is fantastic, I've learned much more from his free lectures and material than in my executive education valuation course. Is there a way to get the slides in .PDF?

[@harisxnkr]

So glad I stumbled apon this video. Amazing pearls of wisdom ❤

[@WhistleMaster]

OMG what an amazing talk. I just found it 5 years too late!!

[@preetamsingh9845]

Your way of explaining things are just wow

[@Ananthvenkat01]

So well explained. I hope the byju leadership had watched this.

[@iinyangjr]

I came here from IG because of the Steve Jobs/Tim Cook story. It was worth the wait.

[@heshanpalliyaguruge6333]

Thank you youtube for recommending me this. Long live the dean of valuation🙏❤‍🔥

[@laurkids]

No words he is a great speaker with sound knowledge.

[@vijaysarathi]

What an amazing description of Amazon!

[@flamingjob2]

wow wathcing in 2021. the tesla one on point. amazon part on point. u sir are a genius.

[@fredricknwogu5444]

This is the best video I have watched in ages. Very lucid presentation

[@yoosahbiimi1338]

Great speech even from the start... Young companies trying to be old and old companies trying to be young

[@rameshl456]

his 25 min lecture seems a most lengthy one so meaty... hats off!!

[@sudhakaroryx]

Great presentation. Aswath Damodaran is truly an investment and valuation guru.

[@shogun_1154]

This was recommended to me so many times that I finally had to watch why was it

[@vineykumar4477]

Ashwath is the super God of valuation.Awesome academic!

[@jaredbrosn1780]

Aswath is the man! I ALWAYS learn fm this scholar.

[@TravellingJunkey]

Thank god i stumbled upon this somehow and learned something new and informative. Though i never knew this prof. was from our country

[@soumendrapatra2342]

Im not interested in finance or business ...but this talk was so captivating that I could not stop watching.....

[@soumendrapatra2342]

@@shrisub881 How did you know that....???

[@rajeshbhosle7779]

Truly called 'The father of valuation' . Aswath sir has made India proud.

[@praveenrai6965]

What a great presentation! But that guy in the end killed his name...."Aahwaat damudoraaan".

[@AshwiniRajPandey]

almost ded laffin

[@sobriquet5016]

Yeah, what was with that? That announcer was off the wall annoying.

[@abbottmd]

all corporate managers and professional investors alike should be required to watch this.95% of what they need to know is right here, and they'll spend the rest of the careers learning that last 5% through experience.

[@ps-gh3hu]

can listen to him all day long

[@ajayranade4680]

Master class. Absolutely fantastic session..

[@emekanwankwo3406]

I am disappointed with myself for only discovering this gentleman now.. 1 video and I am a fan I do think that his vision of valuation has profound consequences for traditional finance that I’d like to see explored. The notion of a blue chip company for one. These companies by his own admission would fall within the latter stages of the lifecycle. What is the impact of this on portfolio allocation for example? Either way I love his anecdote of going beyond numbers in valuations

[@goodlotdupwa2961]

i just wanted to browse through but watched the entire keynote, one of the best speech I watched this year

[@arj123sub]

Hi Prof, do you think the Walmart / Sears and Amazon/Walmart disruption saga fits in as another example in the lifecycle ? Sears founded 1892 , Walmart founded 1962, Amazon founded 1994

[@humptydumpty9205]

I dont know this man but by the way he explained stuff i am sure he is a huge dude in this field.

[@talktoanandpotdar7470]

It is an outstanding effort to imbibe the elements of valuation. He is simply lucid .

[@yuanfeng4194]

Flawless speech

[@swapnilkulkarni6719]

Excellent Aswath..really appreciate your wisdom

[@mohammadsaeed3494]

I just love his way of presentation!

[@ChanduKoppineedi]

"Please God, don't let Amazon come into my business"

[@triples5399]

Sir I have 1 point which I feel that if any company regardless of how much old it is, if it is able 2 understand market and modify themselves, overcome or upgrade themselves whenever the situation arises will last forever according to me

[@davidwilkie9551]

Having an obsession for saving the planet by Electrification seems to have overcome the fuddite stories. Now we need to do the same for resciencing our Origin knowledge of Actuality.., definitely not a story to be disguised by fear, random uncertainty or threats leading to anxiety. Doubt is good Sciencing.

[@abhijeetsalkar7557]

Great Lecture Sir Any comments about OYO?