The Meb Faber Show - Better Investing Aswath Damodaran on Sugar Daddies, The Magnificent Seven & The Art of Selling Stocks | #558
21 snips
Nov 15, 2024 
Aswath Damodaran, a renowned NYU professor in corporate finance and equity valuation, shares fascinating insights into investing and company dynamics. He explores the challenges of valuing stocks in a shifting economy, including the rise of buybacks. Expect an engaging discussion on AI's role in finance and a critique of ESG investing. Damodaran also highlights the impact of political connections on valuations, and he examines how social media is reshaping media consumption and the ownership landscape in professional sports.
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Mag 7 Bargains
- Aswath Damodaran bought all "Magnificent Seven" stocks at various times, demonstrating they were bargains at different points.
- His oldest holding is Microsoft, bought in 2014, while the newest is Tesla, purchased in 2023.
Overcome Stock Attachment
- Overcome emotional attachment to stocks by selling half when unsure.
- This helps manage regret and allows for balanced decision-making.
Joy of Investing
- Aswath Damodaran finds joy in the process of analyzing stocks, even if returns don't always outperform index funds.
- This emphasizes the importance of enjoying investing rather than solely focusing on outcomes.
