The Prof G Pod with Scott Galloway
Prof G Markets: Third Quarter Review — with Aswath Damodaran
Nov 6, 2023
Aswath Damodaran, a finance professor at NYU Stern and valuation expert, joins to dissect recent market movements. They delve into WeWork’s surprising bankruptcy and assess the implications of steady interest rates set by the Fed. The discussion touches on how giants like Meta and Netflix are navigating the streaming landscape. Damodaran also shares fresh insights on Tesla's valuation and the impact of emerging trends like the Ozempic effect on companies. It's a vibrant conversation evaluating the interplay of leadership and market dynamics.
54:00
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Quick takeaways
- Intangible assets play a significant role in Birkenstock's valuation, including brand name, management, and collaborations.
- GLP1 drugs may have the potential to reduce social media consumption among highly engaged users.
Deep dives
Birkenstock's valuation and the importance of intangibles
Birkenstock's valuation was analyzed, highlighting the significance of intangible assets such as brand name, management, and external partnerships. The brand's history, strong management decisions, and collaborations, like the endorsement by Barbie, contribute to its overall value. The evaluation demonstrated that intangibles are already included in an intrinsic valuation based on earnings power and cash flows. Additionally, the discussion emphasized the need to consider the impact of intangibles on a company's bottom line through a sensible and evidence-based approach.
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