We Study Billionaires - The Investor’s Podcast Network TIP577: Valuation Masterclass w/ Aswath Damodaran
138 snips
Sep 15, 2023 
Aswath Damodaran, a revered NYU professor and valuation expert, dives into the nuances of modern investing. He discusses how technological advancements alter valuation thinking and the pivotal role of intangible assets. Listeners gain insights into choosing discount rates and the implications of the US treasury rate. Aswath shares updated perspectives on companies like Nvidia and Meta, critiques buy-and-hold strategies, and emphasizes the need for statistical understanding in investing. A masterclass for anyone keen on refining their investment approach!
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Change Perception
- Every generation believes its era's technological change is unique.
- Increased awareness of change, not the change itself, makes this generation feel different.
Valuation Focus
- Focus on expected cash flows, not tangible vs. intangible assets.
- Valuation relies on cash flow predictions, regardless of asset type.
Microsoft Purchase
- Aswath Damodaran bought Microsoft in 2013, not at its current price.
- He emphasizes buying any company at the right price.
