Successful people don't become that way overnight. What most people see at a glance-wealth, a great career, purpose is the result of hard work and hustle over time. I pray that anyone who reads this will be successful in life..
@Leni Engel Great!!! I enjoy proving people wrong but investing in Bitcoin trading for me is not impressing, how much do you make of it don't mind me asking.
The world needs more people like Aswath, break free from bureaucratic jargon and see things from a clearer and simpler perspective. Hands down, one of the best lectures I've watched in my life!
Im not from the states but honestly there would not a single individual who could hold a candle next to this man..his ideas are complex,he is able to connect with everyone on a level which is so phenomenal ..people in Finance i envy lol esp those folk at NYU Stern ...Sir Damodran please teach us more.
he is by far one of the best teachers I have ever seen. One of my dreams would be to have the chance, money and time to do one of his course in presence at NY. Unfortunately I don't, however he is so generous by sharing so much information of superb quality and detailed. from spain, thank you so much!
His valuation on Twitter was spot on. The stock price peaked at $69 a month after its IPO and never reached that price ever again. It fell to $14 in 2016 and now it's been hovering around $28.
It< makes sense, BTC and crypto is off helping to regulate, rather than pretend it won't ever happen. The big institutions getting in is the catalyst that will launch us into the stratosphere. Most people don't like change but after the change is made they grow used to it and it becomes a non issue usually because their fears never materialize. The projects that initiated the process of regulation have not been ruined, they got involved in setting guidelines and helping the regulators understand the crypto space. I’d get involved more knowing that I have made over 12 btc from day-trade with Axel William Crypto in few weeks.
Need that light at the end of the tunnel feeling? Needing something more passion filled? Well I am here to say if I can, You Can..It truly all began when I finally said..There has to be another way.. Thanks Mr Axel William
A lot has changed and that's on everything but the truth is that i don't even care much about bullish or bearish market because Axel William got me covered, I am comfortably earning monthly
No one, NO ONE, can argue Axel William at least currently, the best out there, even when Bitcoin is looking bearish with the market sentiment swinging low. But they kept us grounded with their real analysis, just the facts in the charts.
Awesome lecture from a guru in valuation, simple to understand and in plain terms. No jargon and confusion to make something look more complex than what it actually is. Thanks
@CanadianTraderD yeah he is the co-founder of Paypal and Merged with Elon Musk's X.com. He even Invested in the early days of Facebook. He has a book called "Zero to One" all about start-ups.
Amazing Sir. Have never posted comments or any videos up over here in KZclip but today i have to...i just wish professors mentors like you stayed in INDIA and enlighten us soo that we can also think differently towards things..
Simple yet beautiful and super useful talk on valuation! It is mind numbing how he breaks myths with simple logic and basis proven business rules. Cash flow, margin and logical estimations around growth and risk - my takeaway!
"The balance sheet has this very unpleasant requirement, it has to balance." I have been watching Mr. Damodaran's videos for the past year, and this is definitely my favorite one!
Valuation seems to be such a time-consuming and complex exercise that is part science and mostly subjective estimation that by the time you're done valuing multiple companies in a market (sector/industry), it'll be too late to invest because too much time would have passed while you were busy making these valuation and the facts would've changed all over again. My fav keynotes: >You can't pay intetest on debt with ideas. >A strategic deal is a really stupid deal. >China is a meaningless buzzword... 😂😂😂 >Anything that doesn't affect cashflows doesn't affect the value. >There is no smart money in hedge funds. >traders can't tolerate the EMH.
A finance student from Pakistan here. Aswath Damodaran has chosen a noble profession of teaching, and has gained respect among scholars of Finance with his sheer hard work, clarity and exactitude. Hats off Sir!
Prof. Damodaran provided a very clear and fundamental explanation of how Financial Statements and Valuation of a company are integrated. Never seen this clarity brought forth before with simple looking logical diagrams which are so difficult to bring it on paper. Thank you Google for Uploading this special lecture and BIG thank you to Prof. Damodaran.
I appreciate the clear and direct language. "And let's be completely clear about this. Goodwill is the most useless asset known to man. And here's why..." Unequivocating. Unambiguous. Willing to break with Warren Buffet's Coca-Cola brand example which is decreasingly valuable. Thank you.
Aswath Damodaran is the David GOLDfield of the University of KZclip!!! Thank you for sharing your profound knowledge and explaining it with succinct and eye-opening simplicity and wisdom
First 3 minutes, and I already like him. I think he should talk about how he taught valuation under the head of security analysis for 22 years and no one figured it. That’s clever.
Great video and some nice tips! This is a scary time for new investors but the best thing you can do is not to make decisions based on emotions. This could actually be a good time to buy more of your high conviction stocks or crypto on a discount. Wealth is created during bear markets, not bull markets. If your portfolio is really effecting your mental health then delete the app and go for a walk. Let the market do its thing and have a long time horizon. I buy and just trade long term more than ever, I have made over 16` btc from day trading with Stacy Huth in few weeks this is one of the best medium to backup your assets incase it goes bearish.
My growing love for crypto caused me to explore until I came across Mrs. Stacy (although I'm trying to avoid sensationalism) hse is by far the best. No hype for hype's sake, but a great inspiration to trade Crypto.
I used his textbook for my last class in grad school (Advanced financial management). The greatest thing about him is that his textbook is free online ! That's how I know legends 😊
Great content and his concepts are spot on! One video technical concern the audio recording level is too low for regular laptop speakers unless you are right next to your computer, volume is ok with earbuds though
I really liked this! I will check out the tools on your site. I need to do an excel driven project but I just did not get it. With this I can see why and your insight has been super awesome. Thanks
MBA student here, I learned a crap-ton more about the meaning behind accounting terms by this video than I did in my undergrad and masters. "Stockholder's Equity is everything from the first IPO" is not something a typical Accountant would tell you.
I think i am a bit over my head from trying to pass my first year of university in economics and finance. Still very interesting will take down notes for later in life hopefully! Thank you.
I love DCF. It gives me Rate of Return based on an assumed percentage. Take the diff with the investment and I test various scenarios. It’s a great tool for valuation.
Whoa !! i didn't blink my eye during this 1-hour video. Such a magnificent speaker. that's how the best of the best look. And about the substance of his talk, the way he said it, you would end up believing him.
For a moment, I thought he was going to lecture on how hard it was to integrate into a school environment where not many people looked like him, but then I realized this video is from a time when these talks focused on things with substance.
15:00 Numbers people vs. Story people 15:40 *The end game is to have numbers people with imagination, and story people with discipline. That's the way to think about valuation.* Stories are actually much more effective at selling businesses than numbers are, and it's been true for as long as human beings have been on the earth. So if you tell a story, bring in enough numbers to discipline yourself, because if you don't have the numbers it's very easy to veer away into fantasy land. *A good valuation should tell a story - behind the numbers, what is the story you're telling about a company?* 29:30 So much of what you pay for in a valuation business is a banker feeding numbers into a [program or software] and then spending 25 days making it look like he did a lot of other stuff, and then charging you millions of dollars - something he has no business charging you for. To valuate businesses like 3M, you don't need an appraiser, you don't need a banker. Anybody should be able to valuate those companies. 33:30 *Investing is a game of odds* 35:05 Young startups are difficult to valuate, but still you should make your best estimate instead of giving up (like most founders do). 42:50 "I've never felt the urge to explain what some other person pays [for a public company]. Much of what you see passing for valuation out there is really *pricing."* 44:20 Most realtors simply price based on the relative prices of other properties or units on the marketplace. (pricing vs. sophisticated valuation) 50:30 *Markets are fickle. Today they like users, tomorrow they might not.*They used to like website visitors for a long time, but you can't pay dividends with that. At some point they are going to ask for substance. 51:30 *Investing, VC is a game where luck is a dominant paradigm. If you're lucky you can do horribly sloppy things and be incredibly rich. If you're lucky all else can be forgiven.* There's no such thing as smart money - there's stupid money and less stupid money, but there is no smart money (i.e. hedge funds, perform less than S&P 500 index fund). 54:20 *You learn valuation by doing.* If you really want to learn valuation, here's what you do - value a company. The first time you do it, it will be like pulling teeth. Then value a second company, as different from the first as you can. 54:50 *When we get big differences in value, it's not because the numbers are different, it's because we have different narratives. The right question you've got to ask is, "What is the right narrative for my company?" This is about telling a story, and delivering the kind of decisions that back up that story.* 59:40 If you've got an acquisition proposition, it's going to work only if you're willing to walk away from the table; even if its the best target that you've ever found, but the price is too high. *If you're not willing to walk away from the table, you're going to overpay again and again.* 1:00:40 Investing [properly] takes time. If you don't have time for that work it's better to invest in an index fund or some other spread; it's best to spread your bets. 1:01:00 *Don't overreach. You don't get rich by investing, you get rich by doing what you're doing, and investing is about preserving what you made elsewhere and growing it.* It's when you get greedy about trying to make that killing off of your investment that you tend to overreach.
What I took from this talk is that pricing is an art, then valuation is an art with a few fundamentals mixed in. And prices move towards value, but the tricky part is, how do you even know your assumptions that point to a value are correct. In the end, lots of luck.
I took a semester long valuation class in 1985 during my MBA. This was not atypical and other universities than my alma mater taught such classes. It was actually a hot topic already in those days and included the valuation of assets using option theory. We also had many accounting classes, none on the subject of valuation. It is always easy to revisit history by telling tales. This pitch is not masters level but undergrad level. Never take business as undergrad, it's a useless education since you cover more ground in the first semester of MBA.
Question: I've seen WS analysis where they compute the implied market P/E using 10 yr RF of 2%, ERP 6%, Beta 1.5% and Growth Rate of 3%. Using CAPM I get (1/(.11-.03) = 12.5. But the analyst seems to be doing 1/(Risk Free + Growth Rate) = 1 / (.05) = 20.0. Is their process correct?
His is also a Master-Class in what makes an extraordinary teacher - a true passion, almost fiendish for knowing the truth about some one obscure thing! He could teach anything - the fire's in the belly! Loved every bit of it though finance bores me to death!
Nice talk... curious.. how much do they pay him for this one hour? It was pretty packed with knowledge and no fluff. He was pretty strict on ending it exactly at one hour. I know he said that there's a 4:00 train but part of me thinks he was sticking to business.
Successful people don't become that way overnight. What most people see at a glance-wealth, a great career, purpose is the result of hard work and hustle over time. I pray that anyone who reads this will be successful in life..
Its been fairly 5weeks since my investment of $98,560 its been successful outcome with expert Mrs Natasha
@Leni Engel Great!!! I enjoy proving people wrong but investing in Bitcoin trading for me is not impressing, how much do you make of it don't mind me asking.
My winning ratio on Mrs Natasha platform has been exponentially propounded thereby allowing a swift withdrawal method
Greetings from Alabama. i'm so happy taking the bold step investing $35,000 with expert Natasha. Got another payout today
i have made a 4th withdrawal now from a recommended trader expert Mrs Natasha her expertise is outstanding
After an MBA in Finance, and 13 yrs in the Industry - Best Learning Experience. Thank you for putting it up on the web...
Does indian venture capital firm follow this concept properly while doing valuation,what do u think?
Teringventje introductionary?? Where did YOU work?
The world needs more people like Aswath, break free from bureaucratic jargon and see things from a clearer and simpler perspective. Hands down, one of the best lectures I've watched in my life!
Ok lol l
Amen
agreed
جج
Could not agree more... watching it for pure entartinment purposes.
Sir, I am speechless
Im not from the states but honestly there would not a single individual who could hold a candle next to this man..his ideas are complex,he is able to connect with everyone on a level which is so phenomenal ..people in Finance i envy lol esp those folk at NYU Stern ...Sir Damodran please teach us more.
This guy is a badass. He makes a typically boring topic fascinating.
Rakesh Jhunjhunwala and FIIs increased their stake in this stock:
kzclip.net/video/6p4UfUrRKR4/бейне.html
@felixthefox 0
@gwho u
Apparently his students are still sleeping till this day. Doesn't sound fascinating.
he came in to speak during one of my training sessions for my first job... i fell asleep in the front row
This is what a god-tier teacher looks and sounds like. absolutely phenomenal. A true treasure of a human being
he is by far one of the best teachers I have ever seen. One of my dreams would be to have the chance, money and time to do one of his course in presence at NY. Unfortunately I don't, however he is so generous by sharing so much information of superb quality and detailed. from spain, thank you so much!
His valuation on Twitter was spot on. The stock price peaked at $69 a month after its IPO and never reached that price ever again. It fell to $14 in 2016 and now it's been hovering around $28.
@Sherry Flavour Aaaaand its back down
It was $77 a year ago.
We need more people like him in this world.
It< makes sense, BTC and crypto is off helping to regulate, rather than pretend it won't ever happen. The big institutions getting in is the catalyst that will launch us into the stratosphere. Most people don't like change but after the change is made they grow used to it and it becomes a non issue usually because their fears never materialize. The projects that initiated the process of regulation have not been ruined, they got involved in setting guidelines and helping the regulators understand the crypto space. I’d get involved more knowing that I have made over 12 btc from day-trade with Axel William Crypto in few weeks.
Need that light at the end of the tunnel feeling? Needing something more passion filled? Well I am here to say if I can, You Can..It truly all began when I finally said..There has to be another way.. Thanks Mr Axel William
I'm surprised that this name is being mentioned here, I stumbled upon one of her clients testimonies on CNBC news last week.
Axel William really helped me understand bear markets much better... Great content, and loved it.
A lot has changed and that's on everything but the truth is that i don't even care much about bullish or bearish market because Axel William got me covered, I am comfortably earning monthly
No one, NO ONE, can argue Axel William at least currently, the best out there, even when Bitcoin is looking bearish with the market sentiment swinging low. But they kept us grounded with their real analysis, just the facts in the charts.
Awesome lecture from a guru in valuation, simple to understand and in plain terms. No jargon and confusion to make something look more complex than what it actually is. Thanks
One of the best hours I have ever spent sitting on a train! Excellent teacher, entertaining and engaging, keep up the great work Aswath!
This was one of the best lectures i've ever heard related to stocks, everyone who invests should give them a listen. Thanks Google!
"What sets price? Supply and demand, mood and momentum.
What sets value? Cash flows, growth and risk"
Geniously simple explanations
@CanadianTraderD yeah he is the co-founder of Paypal and Merged with Elon Musk's X.com. He even Invested in the early days of Facebook. He has a book called "Zero to One" all about start-ups.
@sergioviana11:11 I think he meant Peter Theil, as in a quote by Peter Theil -- great investor to look up if you haven't already
@Aloe Vera hello friend! What is a per thiel mesure?
Future cashflows per thiel
the most sane talk ever heard about valuation, and it was gold all throughout.
Amazing Sir. Have never posted comments or any videos up over here in KZclip but today i have to...i just wish professors mentors like you stayed in INDIA and enlighten us soo that we can also think differently towards things..
This guy literally summed up my entire degree in 1 hour what a great teacher🙏🏼🙏🏼🙏🏼
What degree is that?
Yep! Hope you didn’t take a loan to get the degree 😂
This is a fantastic class! Exactly what I needed for my application next week.
Simple yet beautiful and super useful talk on valuation! It is mind numbing how he breaks myths with simple logic and basis proven business rules. Cash flow, margin and logical estimations around growth and risk - my takeaway!
Really enjoyed this valuation class. Feel like its worth the time spent on watching it. Please keep up the good work.
"The balance sheet has this very unpleasant requirement, it has to balance." I have been watching Mr. Damodaran's videos for the past year, and this is definitely my favorite one!
YES TO BALANCE SHEET JUST TO MAKE IT BALANCE .. NO ACCOUNTABILITY OF MONEY THAT IS SIPHONED OR MISUSED .
Amazing. I have been in the tech industry and have seen it all. His explanations gave me goosebumps. Spot on. Aswath is now on my wall of heroes.
Inspite of Knowing Finance and done DCF's there was so much to learn. Great Lecture Sir.
Thanks Google for sharing.
Valuation seems to be such a time-consuming and complex exercise that is part science and mostly subjective estimation that by the time you're done valuing multiple companies in a market (sector/industry), it'll be too late to invest because too much time would have passed while you were busy making these valuation and the facts would've changed all over again.
My fav keynotes:
>You can't pay intetest on debt with ideas.
>A strategic deal is a really stupid deal.
>China is a meaningless buzzword... 😂😂😂
>Anything that doesn't affect cashflows doesn't affect the value.
>There is no smart money in hedge funds.
>traders can't tolerate the EMH.
Wow! What an awesome professor. Valuation vs pricing... Awesomeness in action....
A finance student from Pakistan here. Aswath Damodaran has chosen a noble profession of teaching, and has gained respect among scholars of Finance with his sheer hard work, clarity and exactitude. Hats off Sir!
Prof. Damodaran provided a very clear and fundamental explanation of how Financial Statements and Valuation of a company are integrated. Never seen this clarity brought forth before with simple looking logical diagrams which are so difficult to bring it on paper. Thank you Google for Uploading this special lecture and BIG thank you to Prof. Damodaran.
Interesting, At the age of 78, I am learning, thank you
Good to hear that sir
@Mohan Valrani Happy birthday!
Respect💯
@Mohan Valrani Nice to see you here sir, it does make sense you were running IHS when i graduated in 2012! After all its about the learning.
@Mohan Valrani Happy birthday Mohan
Knowledge of years delivered in 60 minutes. A great video.
Very impressive. I learned a lot. Thanks Mr. Damodaran.
I appreciate the clear and direct language. "And let's be completely clear about this. Goodwill is the most useless asset known to man. And here's why..." Unequivocating. Unambiguous. Willing to break with Warren Buffet's Coca-Cola brand example which is decreasingly valuable. Thank you.
MOST USELESS OR USEFUL ? I AM CONFUSED .
Such a fantastic overview of valuation in just an hour. Thank you..
Aswath Damodaran is the David GOLDfield of the University of KZclip!!! Thank you for sharing your profound knowledge and explaining it with succinct and eye-opening simplicity and wisdom
This is incredible....the quality of learning on KZclip is amazing.
This man is an amazing teacher!!
This talk is simply amazing. Tons of info to grasp in one video.
This was amazing, professor! A huge fan.
Brilliant point on valuation vs pricing. Great talk!!
First 3 minutes, and I already like him. I think he should talk about how he taught valuation under the head of security analysis for 22 years and no one figured it. That’s clever.
Excellent, entertaining substantive and creative presentation! Many thanks! 🙏😃
Thoroughly enjoyed! Without a doubt he'd be my favourite professor at college
Amazing presentation! Does Damodaran do talks around the country? I would love to attend one.
Great lecture, was looking for valuation excel tutorial but happened to click on this video, not exactly what I was looking for but somehow helpful
Did you eventually find a tutorial that helped?
The single greatest lecture on finance on the internet.
He is a great teacher...really awesome listening to him !!
Great video and some nice tips! This is a scary time for new investors but the best thing you can do is not to make decisions based on emotions. This could actually be a good time to buy more of your high conviction stocks or crypto on a discount. Wealth is created during bear markets, not bull markets. If your portfolio is really effecting your mental health then delete the app and go for a walk. Let the market do its thing and have a long time horizon. I buy and just trade long term more than ever, I have made over 16` btc from day trading with Stacy Huth in few weeks this is one of the best medium to backup your assets incase it goes bearish.
In my experience once you want to sell because you start to lose hope , is the moment it really starts pumping
I invested with Stacy Huth too, she understands every beginner's intention and fixes you to a trading plan that matches your capacity.
I'll agree with you because I've used her strategy in the past and was able to raise a total profit of 10.5 BTC in 6 weeks..
My growing love for crypto caused me to explore until I came across Mrs. Stacy (although I'm trying to avoid sensationalism) hse is by far the best. No hype for hype's sake, but a great inspiration to trade Crypto.
I can’t describe how much your help meant to me. I’ll forever cherish your great acts. thank you so much Stacy Huth .
I used his textbook for my last class in grad school (Advanced financial management). The greatest thing about him is that his textbook is free online ! That's how I know legends 😊
Great content and his concepts are spot on! One video technical concern the audio recording level is too low for regular laptop speakers unless you are right next to your computer, volume is ok with earbuds though
I really liked this! I will check out the tools on your site. I need to do an excel driven project but I just did not get it. With this I can see why and your insight has been super awesome.
Thanks
Excellent !! Damodaran is one of the best authorities on valuation topic👌👍
he is a great teacher
I wish i could have had a teacher like him at the time i was in university.
I Wish the same..Many of his talks are on youtube though..
That’s a overflow of wisdom . Thanks Ashwath .
MBA student here, I learned a crap-ton more about the meaning behind accounting terms by this video than I did in my undergrad and masters.
"Stockholder's Equity is everything from the first IPO" is not something a typical Accountant would tell you.
I think i am a bit over my head from trying to pass my first year of university in economics and finance. Still very interesting will take down notes for later in life hopefully! Thank you.
I love the clear explanations and putting the concepts into simple context with examples provided. Thanks for sharing your knowledge!
I needed this talk. Thank you, sir!!
I love DCF. It gives me Rate of Return based on an assumed percentage. Take the diff with the investment and I test various scenarios. It’s a great tool for valuation.
Such a well-spent hour. Thank you, Google, for making this accessible to everyone.
rare to see such transparency from intellectuals, really enjoyed the talk.
Whoa !! i didn't blink my eye during this 1-hour video. Such a magnificent speaker. that's how the best of the best look. And about the substance of his talk, the way he said it, you would end up believing him.
This is one of the best finance-related videos I have ever seen
For a moment, I thought he was going to lecture on how hard it was to integrate into a school environment where not many people looked like him, but then I realized this video is from a time when these talks focused on things with substance.
What? How on earth i'm being recommended this by Google after 5 years! I should have watched this 5 years ago. OMG, he is so genius.
Goodness Aswath is so insightful!! ABSOLUTELY LOVE LEARNING FROM HERE on here! Thank you Talks at Google!!
15:00 Numbers people vs. Story people
15:40 *The end game is to have numbers people with imagination, and story people with discipline. That's the way to think about valuation.* Stories are actually much more effective at selling businesses than numbers are, and it's been true for as long as human beings have been on the earth. So if you tell a story, bring in enough numbers to discipline yourself, because if you don't have the numbers it's very easy to veer away into fantasy land. *A good valuation should tell a story - behind the numbers, what is the story you're telling about a company?*
29:30 So much of what you pay for in a valuation business is a banker feeding numbers into a [program or software] and then spending 25 days making it look like he did a lot of other stuff, and then charging you millions of dollars - something he has no business charging you for. To valuate businesses like 3M, you don't need an appraiser, you don't need a banker. Anybody should be able to valuate those companies.
33:30 *Investing is a game of odds*
35:05 Young startups are difficult to valuate, but still you should make your best estimate instead of giving up (like most founders do).
42:50 "I've never felt the urge to explain what some other person pays [for a public company]. Much of what you see passing for valuation out there is really *pricing."*
44:20 Most realtors simply price based on the relative prices of other properties or units on the marketplace. (pricing vs. sophisticated valuation)
50:30 *Markets are fickle. Today they like users, tomorrow they might not.*They used to like website visitors for a long time, but you can't pay dividends with that. At some point they are going to ask for substance.
51:30 *Investing, VC is a game where luck is a dominant paradigm. If you're lucky you can do horribly sloppy things and be incredibly rich. If you're lucky all else can be forgiven.* There's no such thing as smart money - there's stupid money and less stupid money, but there is no smart money (i.e. hedge funds, perform less than S&P 500 index fund).
54:20 *You learn valuation by doing.* If you really want to learn valuation, here's what you do - value a company. The first time you do it, it will be like pulling teeth. Then value a second company, as different from the first as you can.
54:50 *When we get big differences in value, it's not because the numbers are different, it's because we have different narratives. The right question you've got to ask is, "What is the right narrative for my company?" This is about telling a story, and delivering the kind of decisions that back up that story.*
59:40 If you've got an acquisition proposition, it's going to work only if you're willing to walk away from the table; even if its the best target that you've ever found, but the price is too high. *If you're not willing to walk away from the table, you're going to overpay again and again.*
1:00:40 Investing [properly] takes time. If you don't have time for that work it's better to invest in an index fund or some other spread; it's best to spread your bets.
1:01:00 *Don't overreach. You don't get rich by investing, you get rich by doing what you're doing, and investing is about preserving what you made elsewhere and growing it.* It's when you get greedy about trying to make that killing off of your investment that you tend to overreach.
@Mei Mei Sure, these notes are for myself, BTW - but happy to hear others are getting use out of them :)
Thank you for writing this out.
I hope they see how lucky they are to be in this session and the importance of this.
I love reading your articles and listening to your KZclip videos, and podcasts. Thanks for giving so much wisdom and understanding .
As a medic from a non-finance background that’s venturing into entrepreneurship, this feels like I’ve been bathed for an hour in financial wisdom.
Very insightful, thank you for great content.
He's a gifted teacher.
i loved it, aswath truely made it insanely simple
Wow. Lucky people who have been taught by this interesting and knowledgable man!
What I took from this talk is that pricing is an art, then valuation is an art with a few fundamentals mixed in. And prices move towards value, but the tricky part is, how do you even know your assumptions that point to a value are correct. In the end, lots of luck.
Thank you for teaching us!
One of the best videos on youtube!!!
thank you sir!
I love this guy! Thank you for this talk!!
You are a God of finance, when you can talk about boring theories of accounting/banking/finance in a cool and very simple way.
Excellent talk, thanks!
Great style, love the vest. Also wonderful lecture, thank you. Got yourself a new follower. 🙏
What a teacher!
I took a semester long valuation class in 1985 during my MBA. This was not atypical and other universities than my alma mater taught such classes. It was actually a hot topic already in those days and included the valuation of assets using option theory. We also had many accounting classes, none on the subject of valuation. It is always easy to revisit history by telling tales. This pitch is not masters level but undergrad level. Never take business as undergrad, it's a useless education since you cover more ground in the first semester of MBA.
thanks for this, useful!
It's one of the amazing vedio that I ever seen... And that live experiment 19:05 was just incredible....loved it....and he killed it....💸🔫
38:15 me when someone asks me how I came up with the numbers in my valuation 😆 seriously though, love this guy!
Question: I've seen WS analysis where they compute the implied market P/E using 10 yr RF of 2%, ERP 6%, Beta 1.5% and Growth Rate of 3%. Using CAPM I get (1/(.11-.03) = 12.5. But the analyst seems to be doing 1/(Risk Free + Growth Rate) = 1 / (.05) = 20.0. Is their process correct?
Love this!!!!! Picked up my notebook after 5 mins. So many gems.
His is also a Master-Class in what makes an extraordinary teacher - a true passion, almost fiendish for knowing the truth about some one obscure thing! He could teach anything - the fire's in the belly! Loved every bit of it though finance bores me to death!
Why didn't I had this gentleman teach me during my MBA? Would have been so much more interesting.
Nice talk... curious.. how much do they pay him for this one hour? It was pretty packed with knowledge and no fluff. He was pretty strict on ending it exactly at one hour. I know he said that there's a 4:00 train but part of me thinks he was sticking to business.
This video is AMAZING. Learning so much from GoogleTalks. Thank You.
There are lots of books on investing strategy but a prescriptive methodology to valuation unique. This is excellent. Thank you!
Sir..one day i will attend your class definitely
Hey did you attended any so far?
Incredibly interesting. Thank you very much :)
I'm sociology major and can understand this somewhat
Aswath is geniusv
This guys was so humble during the talk. Loved it!
Wow. This was a great presentation. Keep me interested for the full hour
With zero knowledge of business and finance, you got me interested in the topic. Thank you, I certainly learned from the talk.
Love this guy, finally someone speaking the truth; Goodwill is bullshit!
This is amazing content!