The Intrinsic Value Podcast - The Investor’s Podcast Network

MI249: Stock Valuation Masterclass w/ Aswath Damodaran

Jan 17, 2023

58:31

Episode guests

Aswath Damodaran

Highlights

AI Chapters

Episode notes

How to Estimate the Inherent Value of a Company

03:53

The Importance of Uncertainty in Valuation Analysis

02:15

The Nature of Integrative Valuation

02:36

Introduction

2min

Millennial Investing Podcast - Rebecca Hotsko

2min

How to Become a More Successful Investor

2min

What Worked for Warren Buffett in the 60s and 70s?

2min

Investing

5min

Growth Investing

3min

The Art and Science of Valuation

3min

The Essence of Being Good at Valuation

2min

TurboTax and Don't Do Your Taxes

5min

10.

The Most Common Mistakes People Make When Estimating Growth Rates

3min

11.

How to Estimate the Inherent Value of a Company

4min

12.

The Nature of Integrative Valuation

3min

13.

Value Investors Don't Hold Stocks Forever

2min

14.

How Many Times Should You Revisit Your Valuation Analysis?

3min

15.

Investing in Institutional Investors

4min

16.

TurboTax and Don't Do Your Taxes

2min

17.

Is There an Edge in Small Cap Stocks?

3min

18.

Investing Is Not Subjective, Is It?

2min

19.

The Importance of Uncertainty in Valuation Analysis

2min

20.

Investing Is a Slow Process

2min

21.

Is There a Good Reason for a Stock to Drop 50%?

4min

22.

Is There a Philosophy That You Can't Make Money in the Market?

3min

IN THIS EPISODE, YOU’LL LEARN:

00:00 - Intro

03:53 - The importance of having an investment philosophy and how to figure out what your investment philosophy is.

The difference between having an investment philosophy and strategy.

03:53 - An example of what a growth investor’s investment philosophy may be, such as the famous growth investor Peter Lynch.

08:22 - Why Aswath believes it’s better to be a generalist than a specialist in one area of investing.

15:00 - What are value drivers and how to apply them in our valuation process?

15:00 - The 5 basic variables we need to value any business.

24:27 - How to convert these value drivers into a DCF or intrinsic value model.

26:23 - The most common mistakes investors make when valuing a company and how to avoid these.

26:23 - Aswath’s test on how to figure out if your growth rate is reasonable.

29:23 - How to figure out what discount rate we should use?

36:11 - Why Aswath doesn’t believe in a “hold forever mentality” of stocks in a value investing approach.

37:24 - How often we should revisit our valuations for companies?

56:53 - How do companies get on Aswath’s radar?

And much, much more!

*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 Kyle and the other community members.
Check out Aswath's Website.
Check out Aswath’s YouTube Channel.
Related Episode: Listen to MI226: Investing in Small Cap Stocks w/ Rayna Lesser Hannaway, or watch the video.
Related Episode: Listen to RWH005: Meet the Master w/ Aswath Damodaran, or watch the video.

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