Would it be inappropriate chasing a story or taking risk when numbers are not visible? Professor Damodaran is long FB Aswath damodaran the discussion on the podcast.
The rally in midcaps started in end. Narratives and numbers do matter across geographies, across markets and as Naren was pointing out there is probably lesser in one country versus the other.
So, I think I would want them to get listed later because I am not tune to actually thinking in this manner. You cautioned investors pretty early on the midcap end of the market.
Then the environment changed. You invest to preserve wealth and to Aswath damodaran wealth, you do not invest to get rich. To implement a central forum for discussion. Narratives and numbers do matter across geographies, across markets and as Naren was pointing out there is probably lesser in one country versus the other.
So, that has been a much more difficult narrative to follow. Course Structure The course is structured primarily around a final cumulative project designed to apply the corporate finance theory, models, and techniques learned in class to companies in the real world.
Do you think that a lot of them who have more tilt towards the factual data, the spreadsheets -- the real Aswath damodaran way story in a company or the rationale for buying a stock or a sector -- actually people lose sight on that and hence they never get the real grip on why there is a compelling case to get into a stock?
What stage of the cycle are Indian markets right now as compared to the developed markets? I tell people the biggest skill that I see in successful money managers is humility to the acceptances that their story might not be the right one.
Give us some example when you are managing money in London and New York? Is it still valid today? So I think there is plenty of room to run but there will be disappointments along the way.
It was at least possible to start predicting some setbacks in a few companies. Each course contains the full course youtube videos, webcasts, session slides and end of class test and solutions. I tell people the biggest skill that I see in successful money managers is humility to the acceptances that their story might not be the right one.
We knew some of them would not be able to pay their debts. It contains both day courses on Corporate Finance and Valuation. Like Online Certificate in Corporate Finance Every choice a corporation makes has financial implications.
I came away with a better understanding of his case for Facebook and against margin of safety, for example. I had two examples; one was metals and the second was pharma.
See one thing we are lucky in India because we do things less complicated. As human beings we have an infinite capacity for self delusion, which is we find facts that back our stories.
Professor Damodaran explains the merits of the beach bum lifestyle and the importance of having and questioning your faith in your investing. Is it more large cap oriented issue or more midcap or you think it is agnostic of a size of the company? Over time, as that promise became a reality they started delivering on numbers and expanding throughout the country.
I do not think I have the capability to find multi baggers on day one. I wrote this article myself, and it expresses my own opinions. To think about it. How to delete the file from downloads?
In India, you are dealing very rarely with concept companies and as fund managers, we are trained to think that all these concept companies are mysterious and we can avoid them in India. The way I see Indian markets, as I see big emerging markets, is always three steps forward and two steps back.
The key to understanding is to see how the world has shifted around us. Alert will ask to confirm, after confirming the file will begin downloading. Access the webcasts, slides and other supporting material of Corporate Finance and Valuation.
To allow people to message other members privately. And I have to learn to take their story and make it my own. Did it help the small and mid-cap sector, certainly. How do you think prudent investors should try to understand the narrative from their point individually, as Professor Damodaran said not from the management side and still not lose sight of numbers, so that they can both walk hand in hand?"If you go for the big win every single time, you are gambling and that is how people get into trouble.".
Prof. Aswath Damodaran, Professor at NYU Stern School of Business, is sharing quality business tools, models, and methods. I teach corporate finance, valuation and investment philosophies at the Stern School of Business at New York University. I intend to have online versions of.
Aswath Damodaran's stories. I focus on valuation and corporate finance. Aswath Damodaran is the Kerschner Family Chair Professor of Finance at the Stern School of Business at New York University. Aswath Damodaran 4 Misconceptions about Valuation Myth 1: A valuation is an objective search for “true” value • Truth All valuations are biased.
The only questions are how much and in .Download