RWH005: Meet the Master w/ Aswath Damodaran
We Study Billionaires - The Investor’s Podcast Network
Intro
In this chapter, a renowned finance professor shares valuable insights on the valuation of major companies such as Tesla, Amazon, and Apple. Additionally, they offer a critical perspective on Bitcoin and the ESG movement, drawing from decades of teaching experience to provide lessons for both new and seasoned investors.
IN THIS EPISODE, YOU’LL LEARN
- 00:09:21 - Why it’s so valuable to build unscheduled “day-dreaming time” into your day.
- 00:13:17 - Why it’s a competitive advantage to be a generalist in a world of specialists.
- 00:18:29 - What 42 years as a professor have taught Aswath about how to communicate.
- 00:31:14 - Why he’s intensely skeptical about the ESG movement.
- 00:39:46 - Why he owns no cryptocurrencies and views Bitcoin as a currency “for the paranoid.”
- 00:44:21 - Which investment principles guide him.
- 00:46:20 - How to identify the investment philosophy that fits best for you.
- 00:52:07 - Why he’s glad that he sold Amazon and Tesla, and how he hit the jackpot with Apple.
- 00:54:49 - How he values businesses by focusing on three key drivers above all else.
- 01:19:58 - Which investors he admires the most.
- 01:23:20 - Why he believes that macroeconomic forecasting makes soothsayers look good.
- 01:25:06 - How he maintains his serenity in difficult times, both in markets and life.
- 01:27:07 - Why it’s so important to spread your bets and not concentrate too aggressively.
- 01:33:30 - How “small, right” actions can have a massive impact on you and others.
*Disclaimer: Slight timestamp discrepancies 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, and the other community members.
- Aswath Damodaran’s YouTube channel, featuring his free videos on valuation.
- Aswath Damodaran’s website, Damodaran Online, which includes his blog.
- Aswath Damodaran’s Google Talk, which has been viewed over 1.1 million times.
- Aswath Damodaran’s books, including “Narrative and Numbers”.
- William Green’s book, “Richer, Wiser, Happier” – read the reviews of this book.
- William Green interviews Jason Zweig on RWH004: Intelligent Investing.
- William Green interviews Joel Greenblatt on RWH003: How to Win The Investing Game.
- William Green interviews Howard Marks on RWH002: Investing Wisely In An Uncertain World.
- William Green interviews Tony Robbins on RWH001: The Life Force Revolution.
- William Green interviews Ray Dalio on WSB410: The Changing World Order.
- William Green’s Twitter.
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