Aswath DamodaranEvery podcast appearance, updated as new ones drop

Each AI company can price itself on an internally consistent story about winning its market. Sum those stories and the implied revenues exceed any market that could exist — the big market delusion. Aswath Damodaran puts a ceiling on it: $142 trillion in global revenues last year against $20–25 trillion in employee costs, which makes the $26 trillion addressable market in SpaceX’s IPO pitch fiction. The sharper question for credit investors is who absorbs the loss when it corrects. Full analysis: https://open.substack.com/pub/fixedfloating/p/financing-the-big-market-delusion?r=718tew&utm_campaign=post&utm_medium=web&showWelcomeOnShare=true Josef Pschorn speaks with Aswath Damodaran of NYU Stern about valuing the AI boom, the corporate life cycle, and why the credit side of the build-out carries the asymmetric risk. Key takeaways: ​The biggest loser when the delusion corrects is private credit, not equity — lenders carry the downside without the upside, and “you can’t make interest payments withpotential and promise.” ​Financing should act its age: young companies should use converts or no debt; default risk belongs in the cash flows (value the firm twice, weight by survival probability), not in an inflated discount rate. ​In distress, equity is a call and debt is a put — a passive lender in a levered company is short an option whose variance the equity holder controls. Connect with Aswath Damodaran: https://pages.stern.nyu.edu/~adamodar/ | X https://x.com/AswathDamodaran Connect with Fixed + Floating: https://www.linkedin.com/company/fixed-floating | X https://twitter.com/FixedFloating Fixed + Floating is for informational purposes only. Not investment, legal, or tax advice. Recorded: 15.06.2026#fixedfloating #creditmarkets #privatecredit #valuation #Damodaran

Aswath Damodaran joined Scott Galloway and Ed Elson for a Prof G+ Substack livestream earlier this week to discuss AI valuations, why markets were so resilient in the first quarter despite macro risks, and the upcoming IPOs from Anthropic, OpenAI, and SpaceX. Subscribe to Prof G+ to join our next livestream here . Aswath Damodaran is the Kerschner Family Chair in Finance Education and Professor of Finance at NYU’s Stern School of Business. You can read his research on his blog, “Musings on the Markets.” Get your tickets to the Prof G Markets tour Subscribe to the Prof G Markets Youtube Channel Check out our latest Prof G Markets newsletter Follow Prof G Markets on Instagram Follow Ed on Instagram , X and Substack Follow Scott on Instagram Send us your questions or comments by emailing Markets@profgmedia.com Learn more about your ad choices. Visit podcastchoices.com/adchoices

Please join my mailing list here 👉 https://briankeating.com/list to win a meteorite 💥 Aswath Damodaran joins Brian Keating to argue that markets, universities, and financial models are all suffering the same disease — mistaking mechanical processes for genuine thinking — and explains why Nobel economists aren't billionaires, why academia is the most deserving target for disruption, and why every major asset class is now overpriced with nowhere left to hide. 00:00 Intro 00:01:37 Why Nobel Economists Aren't Billionaires 00:06:08 Universities Have Completely Lost the Plot 00:07:43 95% of Academic Research Is Worthless 00:13:05 The University Is a Sticky Business — But Cracks Are Forming 00:40:00 ChatGPT Already Does What Bankers Charge Millions For 00:46:43 The Most Dangerous Number in Finance 00:52:35 There Is No Safe Place Left to Put Your Money 00:55:48 When Every Asset Is Overpriced, Buy What You Love 01:00:22 We Are Losing Our Ability to Think 01:01:30 Markets Are Smarter Than Experts — Every Single Time ➡️ Follow Aswath Damodaran 🌐 Website: https://pages.stern.nyu.edu/~adamodar/ 📚 The Little Book of Valuation: https://pages.stern.nyu.edu/~adamodar/ 📝 Musings on Markets (Substack): https://aswathdamodaran.substack.com Join this channel to get access to perks like monthly Office Hours: https://www.youtube.com/channel/UCmXH_moPhfkqCk6S3b9RWuw/join 📚 Get my books: Think Like a Nobel Prize Winner, with productivity tips from 9 Nobel Prize winners: https://a.co/d/03ezQFu Focus Like a Nobel Prize Winner, with life-changing interviews with 9 Nobel Prizewinners: https://a.co/d/hi50U9U My tell-all cosmic memoir Losing the Nobel Prize: http://amzn.to/2sa5UpA The first-ever audiobook from Galileo: Dialogue Concerning the Two Chief World Systems: Ptolemaic and Copernican https://a.co/d/iZPi9Un Follow me to ask questions of my guests: 🏄‍♂️ Twitter: https://twitter.com/DrBrianKeating 🔔 Subscribe https://www.youtube.com/DrBrianKeating?sub_confirmation=1 📝 Join my mailing list; just click here http://briankeating.com/list ✍️ Detailed Blog posts here: https://briankeating.com/blog 🎙️ Listen on audio-only platforms: https://briankeating.com/podcast #universe #podcast #briankeating #intotheimpossible #science #astronomy #cosmology #cosmicmicrowavebackground #intotheimpossible #briankeating Learn more about your ad choices. Visit megaphone.fm/adchoices

My guest today is Aswath Damodaran, a professor at NYU, where he teaches corporate finance and equity valuation. In today’s episode, Professor Damodaran explains why he trimmed two Magnificent Seven stocks. He digs into AI’s real impact on valuations and moats, why big software incumbents face an Innovator’s Dilemma, and why the biggest risk isn’t tech spending itself, but overconfidence and debt-fueled capex that could ripple beyond tech. He also weighs in on corporate Bitcoin balance sheets, sports franchises as “trophy assets” driven by billionaire demand rather than cash flows, and the rise of prediction markets. (0:00) Starts (0:34) Professor Damodaran on the Magnificent Seven (7:26) OpenAI's growth, AI's impact on valuations, and software industries (16:07) High capex investment risks (23:10) Market timing (33:43) Trust and the rise of gold and silver (45:12) Cryptocurrencies on company balance sheets (47:42) Sports franchises (52:27) Prediction markets ----- Follow Meb on X , LinkedIn and YouTube For detailed show notes, click here To learn more about our funds and follow us, subscribe to our mailing list or visit us at cambriainvestments.com ----- Follow The Idea Farm: X | LinkedIn | Instagram | TikTok ----- Interested in sponsoring the show? Email us at Feedback@TheMebFaberShow.com ----- Past guests include Ed Thorp , Richard Thaler , Jeremy Grantham , Joel Greenblatt , Campbell Harvey , Ivy Zelman , Kathryn Kaminski , Jason Calacanis , Whitney Baker, Aswath Damodaran , <a href="https://mebf

Aswath Damodaran, Professor of Finance at NYU Stern School of Business, joins Wilf to reveal that he is more cautious of the equity market today than at any point in his career. Because of this he has “more cash in my portfolio now than at any time in history”, and says this is a time to harvest profits gained in recent years as opposed to sowing more crops. He has recently sold his position in Nvidia accordingly. Aswath shares his core reason for market concern, including the erosion of trust in economic institutions, and the move from a post WWII economic world order to an as yet unknown future, which he argues the market is too relaxed about. He is sceptical of both the companies making AI who have overspent on CapEx, AND the companies due to use AI, arguing that rather than deliver greater efficiencies they will erode profitability – “if everybody has it, nobody has it”. However – he does not believe in trying to time the market, and he reveals his cash balance is 15% not 50%, and that he still holds 5 of the Magnificent 7, his favourites being Apple, Amazon and Alphabet. Aswath shares many of his core investing principles including how you know when to sell a stock as well as when to buy it; why buybacks have done more good than bad; why we should listen to what the gold surge is telling us even if gold cannot be valued, only priced; and why you must view investing as a way to preserve and growth wealth not to get rich. There is also some life advice too - the importance of idling, and finding space to dream. You can watch the full video on The Master Investor Podcast YouTube channel And follow @WilfredFrost on X and Linked In Sponsored by BNY Investments, Interactive Brokers - ibkr.com/masterinvestor and London Stock Exchange Group (LSEG). The Master Investor Podcast is produced by Paradine Productions, Master Investor Ltd in association with Bird Lime Media. This podcast is for information purposes only. It does not constitute an invitation or inducement to engage in any investment activity. It is not a financial promotion as defined under section 21 of the Financial Services and Markets Act 2000 (FSMA). The views expressed by the presenter of this podcast are those of the presenter and are provided in the course of journalism. This podcast benefits from the exemption under Article 20 of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (FPO), It does not require approval by a person authorised under the FSMA. Generic information, not identifying any specific investment, fund, provider or service, about a class of investments such as shares, bonds, derivatives and cryptoassets, might be provided and/or discussed during this podcast. Such discussion falls within the generic promotions exemption (Article 17 of the FPO). Such discussion is not a financial promotion requiring approval by an authorised person under section 21 of the FSMA. Investing involves risk. You should consult a suitably qualified adviser who can assess your individual circumstances before making any investment decision.

Scott Galloway and Ed Elson are joined by Professor Aswath Damodaran. They discuss the unraveling global order, unpack the “catastrophic risks” that are on his radar, and get his take on the software selloff. Plus, he breaks down whether he would prefer Anthropic or OpenAI in his portfolio. Aswath Damodaran is the Kerschner Family Chair in Finance Education and Professor of Finance at NYU’s Stern School of Business. You can read his research on Musings on Markets. Resist and Unsubscribe Check out our latest Prof G Markets newsletter Follow Prof G Markets on Instagram Follow Ed on Instagram , X and Substack Follow Scott on Instagram Send us your questions or comments by emailing Markets@profgmedia.com Learn more about your ad choices. Visit podcastchoices.com/adchoices

An NYU Stern professor who openly defies the "paywall" model of higher education. The "Dean of Valuation" who built a massive following by refusing to monetize a single post. Professor Aswath Damodaran isn't trying to be an influencer. He's just trying to teach the world. In this conversation, Aswath applies "Gresham's Law" to the current state of social media: explaining why bad content (engagement farming, rage bait) inevitably drives out good content, and why his strategy for survival is to strictly avoid "food fights" in the comment sections. We discuss his "implicit arrangement" with NYU that allows him to give away his MBA curriculum for free and his teaching evolution from VHS tapes in the 90s to condensing 80-minute lectures into 12-minute clips (and why he might eventually be on TikTok). We also cover why he believes the most productive thing you can do is nothing and why "incremental consistency" will always beat a New Year's resolution. If you are tired of creators chasing vanity metrics and want to hear from a teacher who cares more about the truth than the algorithm, this episode is for you. Connect with Aswath: https://www.linkedin.com/in/aswathdamodaran/ Put in your email in connectionaccepted.com to be in know about everything CA (website update coming soon). For sponsorships or business inquiries reach out to connectionaccepted@gmail.com Join Matt & I as we build a $10M Podcast: Subscribe on YouTube Listen on Spotify: https://open.spotify.com/show/3oeHvC5O1oSqIw428DpTHXsi=wy5JJTUvQ96a01xoRqeHG Listen on Apple: https://podcasts.apple.com/us/podcast/connection-accepted/id1844434065 Our LinkedIn: ⁠https://www.linkedin.com/company/connection-accepted/⁠

Learn more about the Fundrise Income Fund here: https://Fundrise.com/mm In this deep-dive interview, NYU Finance Professor Aswath Damodaran, the "Dean of Valuation," assesses the current state of the U.S. stock market, describing the S&P 500 as richly priced but stopping short of calling it a bubble. He explores the "big market delusion" inherent in the AI revolution, distinguishing between the profitable "architecture" of chips and the highly speculative future of Large Language Models. Damodaran provides a candid look at his own portfolio, explaining why he recently exited his Nvidia position after a massive run while continuing to hold Microsoft. He offers a sharp critique of "lazy" valuation metrics like the P/E ratio, arguing that investors must instead focus on cash flows and the shift toward buybacks to understand market resilience . Furthermore, he warns that while AI will benefit consumers, the resulting competition may actually lead to lower profit margins for most companies collectively. Finally, the Professor touches on the role of gold as something that is viewed as an "insurance policy" in a world where institutional trust is rapidly eroding. Recorded on January 15, 2026. Aswath Damodaran’s YouTube channel https://www.youtube.com/@AswathDamodaranonValuation Aswath Damodaran’s Website https://pages.stern.nyu.edu/~adamodar/ Aswath Damodaran on X https://x.com/AswathDamodaran Aswath Damodaran on LinkedIn https://www.linkedin.com/in/aswathdamodaran/ Follow Jack Farley on X https://x.com/JackFarley96 Follow Monetary Matters on: Apple Podcast https://rb.gy/s5qfyh Spotify https://rb.gy/x56dx5 YouTube https://rb.gy/dpwxez

Valuation and corporate finance heavyweight, Professor Aswath Damodaran, joins us to discuss what truly drives value creation. Damodaran challenges conventional wisdom around return on invested capital, cost of capital, and incentive metrics, explaining why accounting-based measures often mislead managers and investors. He explores the importance of connecting corporate narratives and numbers, treating R&D and brand-building as real investments, and recognizing bias and overconfidence in forecasts—especially in capital allocation and M&A. While he is openly skeptical of EVA due to its susceptibility to being gamed, this critique highlights the need for more robust and innovative approaches to measuring value creation. The conversation also covers corporate life cycles, why most companies struggle to earn returns above their cost of capital, and Damodaran’s perspective on the AI investment boom.

​ Can a generalist provide a much broader view of the institutional markets and uncover things that so-called experts miss? Can the sins of Wall Street be traced back to a genuine lack of perspective and ineffective communication when a crisis arises? These are some of the questions and answers that we’ll uncover in our latest episode of the Improving Alpha podcast. ​ For this episode, we welcome Aswath Damodaran, Kerschner Family Chair and Finance Education Professor, NYU Stern . Aswath will take the audience through his perspectives on how to address some of the challenges posed by AI, including the Damdaran Bot, the ESG scam, the Mag 7, and more. Additional highlights include: Why those in active investing shouldn’t be concerned about the introduction of AI, and the threat that it could take this industry to the cleaners. The challenge of ESG and why those who write about it may be hiding an agenda to make it look better than what it actually is today. So what if there’s an AI bubble? Isn’t overconfidence and a high degree of optimism going to be corrected by the markets? Crypto currencies – are they a currency or collectible, and what perspectives should you take on them for 2026. The gaming of quarterly reporting and potential solutions for allocators paying attention to these reports. And more. Connect with Michael Oliver Weinberg: Michael Oliver Weinberg Vidrio Connect with Aswath Damodaran: LinkedIn: Aswath Damodaran Website: Aswath Damodaran Blog: Musings on Markets YouTube: Aswath Damodaran About Our Guest: Aswath Damodaran holds the Kerschner Family Chair in Finance Education and is Professor of Finance at New York University Stern School of Business. Before coming to Stern, he also lectured in Finance at the University of California, Berkeley. Professor Damodaran received a B.A. in Accounting from Madras University and a postgraduate diploma in Management from the Indian Institute of Management. He earned an M.B.A. (1981) and then Ph.D. (1985), both in Finance, from the University of California, Los Angeles. Professor Damodaran’s contributions to the fiel

The "Dean of Valuation" reveals where you will find the best investments across asset classes. At a time of upheaval from Trump to the Fed, we take a rare look at which US stocks still make sense to own, and whether it's time to move more to an international selection. Certain companies are also refusing to act their age. And the firms on that list are jaw-dropping. Aswath Damodaran is Professor of Finance at New York University Stern School of Business. ---- 📌 Enjoy this interview? SUBSCRIBE for more @ygemedia. Links to our partners are in the show notes. Thank you for watching! ---- 🗒️ Time Stamps 00:00 Introduction, AI Shift in New World 02:27 Fed “Wizard of Oz” and Powerless 05:05 Market Valuations, Better Earnings 09:32 The Problem with Firms like NVIDIA 11:56 How to Factor in Geopolitical Risks 16:25 Options Beyond the U.S. Treasuries 18:31 Damodaran’s View on China Stocks 23:17 New Opportunity Set in UAE, Saudi 27:24 Key Country Risk Growth Dynamics 30:13 Companies Are Getting THIS Wrong 34:02 Cultures in (GE), Microsoft and Intel 40:07 Starbucks Still...Looking for Reboot 42:42 Bitcoin (BTC) is NOT an Investment 45:15 The Biggest Worry for Microstrategy 48:45 Best Advice for All Investors Today 52:25 Regret Over Missing Out (i.e ROMO) ---- By hekayaproductions ---- DISCLAIMER You’re in Business is for entertainment purposes only and does not give financial advice. #personalfinance #investing #stockmarkets

Aswath Damodaran, Professor of Finance at NYU's Stern School of Business, returns to the show to discuss America’s country risk in 2025 and how markets have become more reactive than predictive. Damodaran also shares his insights on AI hype, Google’s valuation, and why chasing “the next Amazon” is a losing game. Plus, he gives his blunt take on Bitcoin-holding companies, the broken IPO pipeline, and how private markets are rewriting the rules for capital, liquidity, and access. Note: Prof G Markets will be on summer break until August 25th. Subscribe to the Prof G Markets newsletter Order "The Algebra of Wealth" out now Subscribe to No Mercy / No Malice Follow Prof G Markets on Instagram Follow Scott on Instagram Follow Ed on Instagram and X Learn more about your ad choices. Visit podcastchoices.com/adchoices

Compared to Turkey, the United States is an ocean of stability. Aswath Damodaran teaches corporate finance and valuation at the Stern School of Business at New York University. Motley Fool Senior Analyst Matt Argersinger caught up with Damodaran for our Market Playbook Summit. They discuss: - How politics and investing have become intertwined. - Damodaran’s view on Mag7 valuations. - The role of taxes in deciding whether to buy or sell stocks. Motley Fool members can find replays from the entire event at live.fool.com. Companies discussed: TSLA, DIS, META, GOOG, GOOGL, NVDA, AMZN, AAPL, MSFT Host: Matt Argersinger Guest: Aswath Damodaran Producer: Ricky Mulvey Engineer: Rick Engdahl, Chase Przylepa Learn more about your ad choices. Visit megaphone.fm/adchoices

On this episode of The Puck, host Jim Baer sits down with Aswath Damodaran, renowned NYU finance professor and the “Dean of Valuation,” for a deep dive into the current economic landscape. Damodaran breaks down the market’s recent volatility, the looming risk of a recession, and why the U.S. has been able to defy macroeconomic gravity for so long. He explores the impact of globalization’s decline, the role of risk capital, and the evolving influence of AI and Big Tech on markets. From the challenges of government inefficiency to the realities of investing in turbulent times, this episode offers a sharp, data-driven perspective on what lies ahead. Is the U.S. government running an unsustainable economic experiment? Can AI and technology continue to carry the economy? And what should investors do in a world of increased volatility? Tune in to hear Damodaran’s take on where we’re headed—and why adaptability is more crucial than ever. 🎧 Available on Apple Podcasts, Spotify, and SoundCloud.

For years, Wall Street veterans have been saying that a market correction is around the corner, and last week's jitters have only intensified concerns. To find out if the party is ending sooner rather than later — and what role Trump’s policies will play — Kara talks to the Dean of Valuation, Aswath Damodaran. Damodaran teaches corporate finance and valuation at the Stern School of Business at New York University, and he is the author of over ten books. His latest is The Corporate Life Cycle: Business, Investment, and Management Implications . He and Kara discuss valuations, DOGE, tariffs, mass deportation, and tech stocks and much more. Questions? Comments? Email us at on@voxmedia.com or find us on Instagram, TikTok and Bluesky @onwithkaraswisher Learn more about your ad choices. Visit podcastchoices.com/adchoices

Welcome to yet another episode of Shortcast over Coffee. Today my guest is Prof Aswath Damodaran. He is a Professor of Finance at the Stern School of Business at New York University teaching corporate finance and valuation. He is dubbed the "dean of valuation" but calls himself more a dabbler who teaches because he loves it. Check out more about Dr Damodaran hereBookshttps://amzn.to/40CQ8jWhttps://amzn.to/4aJ2Gv1https://amzn.to/3WQX0cvhttps://amzn.to/3CCqvrEWebsitehttps://pages.stern.nyu.edu/~adamodar/https://www.linkedin.com/in/aswathdamodaran/https://aswathdamodaran.blogspot.com/00:00 Introduction and Inefficiencies in Education, Publishing, and Financial Services08:07 Valuation, Intellectual Property, and Market Predictions19:06 Country Risk, Climate Risk, and Corporate Lifecycles31:19 Private Equity in Real Estate and the Role of Technology44:05 Reasoning, Cognitive Skills, and the Role of AI48:41 Nvidia Valuation and the Impact of DeepSeek on AI

Scott and Ed open the show by discussing the potential tariffs on Mexico and Canada, Palantir’s earnings, and Vanguard’s largest fee cut ever. Then Aswath Damodaran, professor of finance at NYU’s Stern School of Business, returns to the show to analyze how DeepSeek’s rise reshapes the AI landscape. He shares why he hasn’t valued Palantir yet but still sees it as a potential AI leader and a prototype for the premium AI market. Aswath also weighs in on whether Tesla and Nvidia are overvalued, offers his views on tariffs, and explains why he thinks Intel has been overly punished. Subscribe to the Prof G Markets newsletter Order "The Algebra of Wealth," out now Subscribe to No Mercy / No Malice Follow the podcast across socials @profgpod: Instagram Threads X Reddit Follow Scott on Instagram Follow Ed on Instagram and X Learn more about your ad choices. Visit podcastchoices.com/adchoices

Aswath Damodaran is a Professor of Finance at the Stern School of Business at New York University, where he teaches corporate finance and equity valuation. He is known in the investment industry and academia as the Dean of Equity Valuation. Aswath is the author of several widely used academic and practitioner texts on valuation, corporate finance, and investment management, and he maintains a comprehensive database for valuation purposes that can be found on his website . During this podcast, we will discuss his teaching career, investment philosophy, the equity risk premium in the US and international stocks, index funds, factor investing, and how artificial intelligence is changing the field of finance and changing us. The Bogleheads on Investing podcast is hosted by Rick Ferri, CFA , a long-time Boglehead and investment adviser. The Bogleheads are a group of like-minded individual investors who follow the general investment and business beliefs of John C. Bogle, founder and former CEO of the Vanguard Group. It is a conflict-free community where individual investors reach out and provide education, assistance, and relevant information to other investors of all experience levels at no cost. The organization supports a free forum at Bogleheads.org , and the wiki site is Bogleheads® wiki . Since 2000, the Bogleheads' have held national conferences in major cities nationwide. There are also many Local Chapters in the US and even a few Foreign Chapters that meet regularly. New Chapters are being added regularly. All Bogleheads activities are coordinated by volunteers who contribute their time and talent. This podcast is supported by the John C. Bogle Center for Financial Literacy , a non-profit organization approved by the IRS as a 501(c)(3) public charity on February 6, 2012. Your tax-deductible donation to the Bogle Center is appreciated.

My guest today is Professor Aswath Damodaran, who teaches corporate finance and valuation at the Stern School of Business at NYU. He says that he is a teacher first, who also happens to love untangling the puzzles of corporate finance and valuation, and writing about his experiences. He believes that businesses, education, publishing and financial services are all big, inefficiently run and deserve to be disrupted. He believes he may not have the power to change the status quo in any of the three, but he can stir the pot. Summary In this conversation, Professor Aswath Damodaran discusses his journey in corporate finance and valuation, reflecting on the lessons learned from financial crises and the importance of understanding the corporate life cycle. He emphasizes the unique characteristics of the U.S. startup ecosystem, the significance of management styles at different stages of a company's life, and the evolving nature of ownership in businesses. The discussion highlights the need for investors to adapt their strategies based on the life cycle of companies and the importance of recognizing uncertainty as a feature of investing. In this conversation, Professor Damodaran discusses various themes related to investing, including the shifting investor base, the role of founders, lessons from family businesses, the balance between survival and thriving, and the complexities of investment quality versus management quality. He emphasizes the importance of comfort investments, the need to embrace uncertainty, and the broader definition of success that goes beyond mere wealth accumulation. https://aswathdamodaran.blogspot.com/ Podcast Program – Disclosure Statement Blue Infinitas Capital, LLC is a registered investment adviser and the opinions expressed by the Firm’s employees and podcast guests on this show are their own and do not reflect the opinions of Blue Infinitas Capital, LLC . All statements and opinions expressed are based upon information considered reliable although it should not be relied upon as such. Any statements or opinions are subject to change without notice. Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and unless otherwise stated, are not guaranteed. Information expressed does not take into account your specific situation or objectives, and is not intended as recommendations appropriate for any individual. Listeners are encouraged to seek advice from a qualified tax, legal, or investment adviser to determine whether any information presented may be suitable for their specific situation. Past performance is not indicative of future performance.

Today’s returning guest is Aswath Damodaran , a professor at NYU, where he teaches corporate finance and equity valuation. In today’s episode, Professor Damodaran delves into the intricacies of investing and the lifecycle of companies. He also covers the challenges of valuation in a changing economy, the trend of buybacks versus dividends, and the evolving role of AI in finance. Be sure to stick around to hear him critique ESG investing and share insights on the broken media landscape. (1:55) Mag7 stocks (7:28) Corporate life cycle (9:47) Factors influencing startup success & characteristics of mature companies (24:41) Capital allocation (26:52) The IPO landscape (34:05) AI in the investment process (39:12) OpenAI's corporate structure (45:48) ESG & the media landscape (50:24) Sports economics ----- Follow Meb on X , LinkedIn and YouTube For detailed show notes, click here To learn more about our funds and follow us, subscribe to our mailing list or visit us at cambriainvestments.com ----- Today's episode is sponsored by YCharts . YCharts enables financial advisors to make smarter investment decisions and better communicate with clients. Get 20% off your initial YCharts Professional subscription when you start your free trial Follow The Idea Farm: X | LinkedIn | Instagram | TikTok ----- Interested in sponsoring the show? Email us at Feedback@TheMebFaberShow.com ----- Past guests include Ed Thorp , Richard Thaler , Jeremy Grantham , Joel Greenblatt , Campbell Harvey , Ivy Zelman , Kathryn Kaminski , Jason Calacanis , Whitney Baker, <a href="https://mebfaber.com/2019/05/1

In The Corporate Life Cycle: Business, Investment, and Management Implications , Aswath Damodaran presents the corporate life cycle as a universal key for demystifying business finance, strategy and company valuation. Damodaran is a professor of Finance at the Stern School of Business at New York University. Known as “the Dean of Valuation,” he has published extensively in academic journals, written many books for students and practitioners, and remains the world’s foremost expert on the subject of corporate valuation. In his latest book, he outlines how corporations age, describes the characteristics of each stage of their life cycle, and discusses implications for managers and investors. In his conversation with Martin Reeves, chairman of the BCG Henderson Institute, Damodaran outlines how to determine where in the life cycle your company is at, what leadership skills and behaviors are required at each stage, and how the distribution of life cycle stages has changed over recent decades. Key topics discussed: 00:56 | The stages of the corporate life cycle 02:21 | How to determine your stage in the life cycle 03:36 | The importance of acting your age 10:06 | Balancing capital allocation across the portfolio 11:27 | Leadership skills for different stages in the life cycle 16:56 | Creating value at any stage of the life cycle 20:21 | How the distribution of life cycle “shapes” is changing 22:58 | The art of communicating complex ideas in simple ways Additional inspirations from Aswath Damodaran: Applied Corporate Finance (Wiley, 2014) Investment Valuation: Tools and Techniques for Determining the Value of Any Asset (Wiley, 2012) Musings on Markets (Blog)

919: NYU Stern Professor Aswath Damodaran explains in his latest book, The Corporate Life Cycle , that companies must adapt their strategies and leadership styles to match their stage in the corporate life cycle, whether it’s embracing visionary leaders to drive growth during startup phases or appointing pragmatic managers to steer the company through periods of decline. In this episode of Technovation , host Peter High interviews Aswath about the core concepts of his book, exploring how companies experience growth, maturity, and decline just like humans. He offers insights on aligning leadership styles to different stages of a company’s life cycle and shares examples of companies like Microsoft and Apple that have successfully rejuvenated their growth. Highlights include: The Corporate Life Cycle : Aswath breaks down the stages of business aging, comparing them to human life and outlining the strategic adjustments companies need at each phase to stay competitive. Leadership Evolution : The discussion covers the importance of adapting leadership styles according to the company’s life cycle stage—visionaries for startups, business builders for expansion, and pragmatic leaders for firms facing decline. Reincarnation of Companies : Rare cases like Microsoft and Apple illustrate how some companies reverse aging through leadership changes, organic growth, and strategic acceptance rather than relying on acquisitions. Valuation and Storytelling : Aswath emphasizes the need to integrate financial modeling with a compelling narrative to give deeper meaning to valuation metrics. Scaling Challenges in Modern Business : The conversation highlights the rapid rise and fall of companies like Yahoo and Uber, showcasing the difficulties of scaling quickly without establishing a sustainable business model. Active vs. Passive Investing : Aswath discusses why active investing yields diminishing returns in today’s data-rich environment, as passive investing gains popularity and market share. AI’s Role in Business : The episode explores Microsoft’s strategic investment in OpenAI, underscoring the mix of strategy and luck that fuels success in the AI-driven economy.

On today’s episode, Clay Finck is joined by Aswath Damodaran to discuss his new book, The Corporate Life Cycle. Aswath Damodaran is a professor at NYU of corporate finance and valuation and has taught thousands of students how to value companies and pick stocks. He has written numerous books on valuation and has also made all of his university courses available online for free. Aswath is one of the clearest teachers of finance and investing in the industry. IN THIS EPISODE YOU’LL LEARN: 00:00 - Intro 01:48 - What the corporate life cycle is and why it’s important. 01:48 - Why value investors should be open to investing at different points in the life cycle. 09:32 - Why the job of management is to maximize shareholder value. 17:21 - The difference in returns between value and growth investing. 27:44 - How the story and narrative around Tesla has changed over the past decade. 43:02 - How management’s skillset needs to change throughout the corporate life cycle. 50:41 - How companies should handle the decline phase of the life cycle. 58:23 - Why Aswath is against concentrating his portfolio. And so much more! Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences. BOOKS AND RESOURCES Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, Kyle, and the other community members. Check out Aswath’s new book — The Corporate Life Cycle . Check out Aswath’s Website . Check out Aswath’s YouTube Channel . Mentioned Episode: WSB508: Buffett's Purchase of TSM & Meta "Doomsday" Analysis , or watch the video . Related Episode: WSB577: Valuation Masterclass w/ Aswath Damodaran , or watch the video . Related Episode: RWH005: Meet the Master w/ Aswath Damodaran , or watch the video . Follow Aswath on Twitter . Follow Clay on Twitter . Check out all the books mentioned and discussed in our podcast episodes here . Enjoy ad-free episodes when you subscribe to our Premium Feed . NEW TO THE SHOW? Follow our official social media accounts: X (Twitter) | LinkedIn | Instagram | Facebook | TikTok</

If you are a student of corporate finance or are an investment professional, you’ve heard of Aswath Damodaran. Known as the Dean of Valuation at New York University’s Stern School of Business and author of numerous books, professor Damodaran is the undisputed guru of finance. He is well respected worldwide and is often called into big media outlets to make sense of financial markets, the economy and values of individual companies. I had an amazing opportunity to ask the Professor himself, his perspective on these key things – valuation and the importance of story telling behind the numbers, recent rate hikes, mounting inflation, and most importantly how investors should find simplicity in valuation in a noisy world that's overloaded with data. Let’s hear from the Dean of Valuation himself.

Today's episode features Aswath Damodaran reading The Perils of Investing Idol Worship: The Kraft Heinz Lessons! Aswath Damodaran holds the Kerschner Family Chair in Finance Education and is Professor of Finance at New York University Stern School of Business. You can hear Aswath as a guest on The Meb Faber Show podcast in May 2019 . ----- The Best Investment Writing features top research pieces shared via The Idea Farm e-mail newsletter. Subscribe so you get these sent to you each week. ----- Follow Meb on Twitter , LinkedIn and YouTube For detailed show notes, click here To learn more about our funds and follow us, subscribe to our mailing list or visit us at cambriainvestments.com ----- Today’s episode is sponsored by The Idea Farm . The Idea Farm gives you access to over $100,000 worth of investing research, the kind usually read by only the world’s largest institutions, funds, and money managers. Subscribe for free here . Follow The Idea Farm: Twitter | LinkedIn | Instagram | Tik Tok ----- Interested in sponsoring the show? Email us at Feedback@TheMebFaberShow.com Learn more about your ad choices. Visit megaphone.fm/adchoices

Aswath Damodaran, Professor of Finance at NYU Stern and a leading expert on valuation and corporate finance joins Alan Dunne in this episode for a fascinating and thought-provoking discussion on current markets and investing in general. They explore why Aswath believes we have witnessed the death of old-school value investing and how structural shifts in the economy have fundamentally altered the investing landscape. The discussion delves into the valuation of Nvidia and the Mag 7, questioning whether the hype around AI is justified. Aswath outlines his approach for long-term valuation, explains how he estimates the equity risk premium, and discusses what the current equity risk premium suggests for long-term equity market returns. They also cover the importance of bond yields for valuation, the shortcomings of P/E as a valuation measure, and whether assets without cash flows, like gold and crypto, can be valued. The episode wraps up with Aswath’s advice for becoming a better investor and preparing for an AI-driven future. IT's TRUE 👀 - most CIO's read 50+ books each year - get your copy of the Ultimate Guide to the Best Investment Books ever written here: www.toptradersunplugged.com/Ultimate And you can get a free copy of my latest book "The Many Flavors of Trend Following" here: www.toptradersunplugged.com/book Send your questions to info@toptradersunplugged.com Follow Niels & Alan on Twitter: @TopTradersLive & @AlanJDunne And please share this episode with a like-minded friend and leave an honest rating & review on iTunes, Spotify or Amazon so more people can discover the podcast.

Aswath Damodaran, Professor of Finance at NYU Stern and a leading expert on valuation and corporate finance joins Alan Dunne in this episode for a fascinating and thought-provoking discussion on current markets and investing in general. They explore why Aswath believes we have witnessed the death of old-school value investing and how structural shifts in the economy have fundamentally altered the investing landscape. The discussion delves into the valuation of Nvidia and the Mag 7, questioning whether the hype around AI is justified. Aswath outlines his approach for long-term valuation, explains how he estimates the equity risk premium, and discusses what the current equity risk premium suggests for long-term equity market returns. They also cover the importance of bond yields for valuation, the shortcomings of P/E as a valuation measure, and whether assets without cash flows, like gold and crypto, can be valued. The episode wraps up with Aswath’s advice for becoming a better investor and preparing for an AI-driven future. ----- 50 YEARS OF TREND FOLLOWING BOOK AND BEHIND-THE-SCENES VIDEO FOR ACCREDITED INVESTORS - CLICK HERE ----- Follow Niels on Twitter , LinkedIn , YouTube or via the TTU website . IT’s TRUE ? – most CIO’s read 50+ books each year – get your FREE copy of the Ultimate Guide to the Best Investment Books ever written here . And you can get a free copy of my latest book “ Ten Reasons to Add Trend Following to Your Portfolio ” here . Learn more about the Trend Barometer here . Send your questions to info@toptradersunplugged.com And please share this episode with a like-minded friend and leave an honest Rating & Review on iTunes or Spotify so more people can discover the podcast. Follow Alan on Twitter . Follow Aswath on Twitter . Episode TimeStamps: 02:18 - Introduction to Aswath Damodaran 03:30 - Nvidia - bullish or bearish? 04:47 - How AI will impact the economy 10:48 - How to make better valuations in AI and technology stocks 14:36 - How to distinguish AI stocks from each other 17:58 - A sticky market 22:40 - How s

For investors of any level, getting your head around valuation is one of the most challenging aspects of investing. So to help us build our skills, we’ve turned to one of the world’s best-known experts on valuation, Aswath Damodaran. Aswath Damodaran is a Professor of Finance at the Stern School of Business at New York University and is known in the finance industry as the “Dean of Valuation”. In this episode we cover: How Aswath introduces students to valuation at NYU Key concepts of valuation including: price v value, the four drivers of valuation, and probabilistic margins of safety How Aswath advises beginners to approach valuation Growth in Big Tech and how Aswath thinks about valuing the Magnificent 7 How inflation and interest rates can affect valuation … and so much more Want to ask a question or join us on the podcast, hit us up via our website . —------ Want to keep learning? Check out the Rask + Equity Mates investing courses . We’ve worked with the team at Rask Invest to produce two great investing courses: Get Started Investing is a free course that covers all the basics of investing and how to start building your portfolio The Value Investor Program goes deep into stock selection and valuation. For a limited time, we’re offering $100 off the Value Investor Program with the code: MATES. —------ In the spirit of reconciliation, Equity Mates Media and the hosts of Equity Mates Investing acknowledge the Traditional Custodians of country throughout Australia and their connections to land, sea and community. We pay our respects to their elders past and present and extend that respect to all Aboriginal and Torres Strait Islander people today. —------ Equity Mates Investing is a product of Equity Mates Media. This podcast is intended for education and entertainment purposes. Any advice is general advice only, and has not taken into account your personal financial circumstances, needs or objectives. Before acting on general advice, you should consider if it is relevant to your needs and read the relevant Product Disclosure Statement. And if you are unsure, please speak to a financial professional. Equity Mates Media operates under Australian Financial Services Licence 540697. Hosted on Acast. See acast.com/privacy for more information.

Want to follow the great investors? Then good luck beating the market. Aswath Damodaran is a Professor of Finance at the Stern School of Business at New York University. Bill Mann caught up with Damodaran for a conversation about: - Corporate lifecycles, and why investors should understand them. - The problem with trying to follow great investors. - The fall of research analysts, and the rise of passive investing. - An investing lesson from Charlie Munger. Companies mentioned: TSLA, META, BIRK, DIS, NOK Host: Bill Mann Guest: Aswath Damodaran Producer: Ricky Mulvey Engineers: Dan Boyd, Desireé Jones Learn more about your ad choices. Visit megaphone.fm/adchoices

Scott shares his thoughts on WeWork’s bankruptcy, Saudi Arabia’s World Cup bid, and Disney’s full ownership of Hulu. Then Aswath Damodaran returns to the show to break down third quarter earnings season. They discuss Meta, Netflix and streaming, Instacart, the Ozempic effect, Birkenstock, Google, and Aswath’s new valuation for Tesla. Learn more about your ad choices. Visit podcastchoices.com/adchoices