This chapter discusses the importance of intangible assets in businesses and criticizes the limitations of accounting rules in accurately valuing these assets, using examples like Disney and Birkenstock.
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
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