Prof G Markets Third Quarter 2024 Review — ft. Aswath Damodaran
43 snips
Oct 31, 2024 
Aswath Damodaran, a renowned Finance Professor at NYU Stern, joins to dissect the economic landscape in light of recent market developments. He shares insights on fallen angels like Nike and Starbucks, emphasizing the importance of succession planning. The dialogue takes an intriguing turn as Damodaran evaluates Tesla's latest earnings amid market volatility. He also examines election dynamics through an investment lens, providing a sharp perspective on how political climates impact market behaviors.
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Succession Planning
- Choose internal hires for logistical problems, external for narrative problems.
- Starbucks, for example, has a broken brand story needing external perspective.
Starbucks' Disrupted Narrative
- Starbucks' core coffee shop experience has been disrupted by online ordering.
- The new CEO must address both logistical and narrative challenges.
Tesla's Relief Rally
- Tesla's positive earnings were partly a relief rally, not solely based on fundamentals.
- Remain cautious with Tesla due to its volatile nature and Musk's tendency to overpromise.
