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Valuation in Four Lessons | Aswath Damodaran | Talks at Google

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  • Demain Marie
    Demain Marie 12 күн бұрын +111

    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
      Leni Engel 12 күн бұрын

      Its been fairly 5weeks since my investment of $98,560 its been successful outcome with expert Mrs Natasha

    • Kinsley Lavoie
      Kinsley Lavoie 12 күн бұрын

      @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.

    • Leni Engel
      Leni Engel 12 күн бұрын

      My winning ratio on Mrs Natasha platform has been exponentially propounded thereby allowing a swift withdrawal method

    • Jamila Maxim Chris
      Jamila Maxim Chris  12 күн бұрын

      Greetings from Alabama. i'm so happy taking the bold step investing $35,000 with expert Natasha. Got another payout today

    • Linda Ray
      Linda Ray 12 күн бұрын

      i have made a 4th withdrawal now from a recommended trader expert Mrs Natasha her expertise is outstanding

  • Ashish Vaishnav
    Ashish Vaishnav 5 жыл бұрын +411

    After an MBA in Finance, and 13 yrs in the Industry - Best Learning Experience. Thank you for putting it up on the web...

    • Akash Bavishi
      Akash Bavishi 2 жыл бұрын

      Does indian venture capital firm follow this concept properly while doing valuation,what do u think?

    • Bluesky
      Bluesky 2 жыл бұрын +1

      Teringventje introductionary?? Where did YOU work?

  • KAL
    KAL 6 жыл бұрын +704

    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!

  • Abhiraj Ranawat
    Abhiraj Ranawat Ай бұрын +1

    Sir, I am speechless

  • Mark Louis
    Mark Louis 6 жыл бұрын +139

    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.

  • Sebastian Aguiar Brunemeier
    Sebastian Aguiar Brunemeier 6 жыл бұрын +876

    This guy is a badass. He makes a typically boring topic fascinating.

    • Investment Literacy
      Investment Literacy   Жыл бұрын

      Rakesh Jhunjhunwala and FIIs increased their stake in this stock:
      kzclip.net/video/6p4UfUrRKR4/бейне.html

    • Debasish Goswami
      Debasish Goswami  Жыл бұрын

      @felixthefox 0

    • Yu-Wern Pong
      Yu-Wern Pong 2 жыл бұрын

      @gwho u

    • Karl Dela Cruz
      Karl Dela Cruz 2 жыл бұрын +2

      Apparently his students are still sleeping till this day. Doesn't sound fascinating.

    • justin ching
      justin ching 2 жыл бұрын

      he came in to speak during one of my training sessions for my first job... i fell asleep in the front row

  • Dan T
    Dan T 3 жыл бұрын +32

    This is what a god-tier teacher looks and sounds like. absolutely phenomenal. A true treasure of a human being

  • Juan Ochoa
    Juan Ochoa 4 жыл бұрын +37

    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!

  • RookieN08
    RookieN08 4 жыл бұрын +31

    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.

  • Simone Yao
    Simone Yao 7 жыл бұрын +39

    We need more people like him in this world.

  • Richard Bravo
    Richard Bravo 5 ай бұрын +73

    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.

    • David Jimmy
      David Jimmy 5 ай бұрын

      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

    • Nico Ricardo
      Nico Ricardo 5 ай бұрын

      I'm surprised that this name is being mentioned here, I stumbled upon one of her clients testimonies on CNBC news last week.

    • Ian Morris
      Ian Morris 5 ай бұрын

      Axel William really helped me understand bear markets much better... Great content, and loved it.

    • Nico Ricardo
      Nico Ricardo 5 ай бұрын

      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

    • Mr Clever
      Mr Clever 5 ай бұрын

      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.

  • Vivek Raju P
    Vivek Raju P 4 жыл бұрын +5

    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

  • Michael Gnaedinger
    Michael Gnaedinger  Жыл бұрын +4

    One of the best hours I have ever spent sitting on a train! Excellent teacher, entertaining and engaging, keep up the great work Aswath!

  • Stock Ninja
    Stock Ninja 2 жыл бұрын +8

    This was one of the best lectures i've ever heard related to stocks, everyone who invests should give them a listen. Thanks Google!

  • sergioviana11:11
    sergioviana11:11 2 жыл бұрын +157

    "What sets price? Supply and demand, mood and momentum.
    What sets value? Cash flows, growth and risk"
    Geniously simple explanations

    • carlrod alegrado
      carlrod alegrado  Жыл бұрын +2

      @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.

    • CanadianTraderD
      CanadianTraderD 2 жыл бұрын +2

      @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

    • sergioviana11:11
      sergioviana11:11 2 жыл бұрын

      @Aloe Vera hello friend! What is a per thiel mesure?

    • Aloe Vera
      Aloe Vera 2 жыл бұрын

      Future cashflows per thiel

  • Isaiah Maragalla
    Isaiah Maragalla Ай бұрын +10

    the most sane talk ever heard about valuation, and it was gold all throughout.

  • TARUN PANWAR
    TARUN PANWAR  Жыл бұрын +6

    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..

  • Deodat Lawson
    Deodat Lawson 2 жыл бұрын +17

    This guy literally summed up my entire degree in 1 hour what a great teacher🙏🏼🙏🏼🙏🏼

    • tellurium96
      tellurium96  Жыл бұрын +1

      What degree is that?

    • Avacodo
      Avacodo  Жыл бұрын +1

      Yep! Hope you didn’t take a loan to get the degree 😂

  • Manassé Massuama
    Manassé Massuama 5 ай бұрын

    This is a fantastic class! Exactly what I needed for my application next week.

  • Sahaj Khunteta
    Sahaj Khunteta 3 жыл бұрын +1

    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!

  • Tathagat Priyadarshan
    Tathagat Priyadarshan 3 жыл бұрын +1

    Really enjoyed this valuation class. Feel like its worth the time spent on watching it. Please keep up the good work.

  • Arul Prakash
    Arul Prakash 2 жыл бұрын +11

    "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!

    • J K J
      J K J 2 жыл бұрын

      YES TO BALANCE SHEET JUST TO MAKE IT BALANCE .. NO ACCOUNTABILITY OF MONEY THAT IS SIPHONED OR MISUSED .

  • Chris
    Chris 11 ай бұрын +2

    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.

  • Mukesh Sharma
    Mukesh Sharma  Жыл бұрын

    Inspite of Knowing Finance and done DCF's there was so much to learn. Great Lecture Sir.
    Thanks Google for sharing.

  • Thanduxolo Nelisiwe
    Thanduxolo Nelisiwe 2 жыл бұрын +5

    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.

  • Ramardy Smith
    Ramardy Smith 6 жыл бұрын +1

    Wow! What an awesome professor. Valuation vs pricing... Awesomeness in action....

  • BEAMS Academy
    BEAMS Academy  Жыл бұрын +1

    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!

  • prez senna
    prez senna 11 ай бұрын

    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.

  • Mohan Valrani
    Mohan Valrani 3 жыл бұрын +407

    Interesting, At the age of 78, I am learning, thank you

    • AnZ Shrestha
      AnZ Shrestha  Жыл бұрын

      Good to hear that sir

    • ATHLETE.X
      ATHLETE.X 2 жыл бұрын +2

      @Mohan Valrani Happy birthday!

    • Classified level 10
      Classified level 10 2 жыл бұрын +2

      Respect💯

    • Navnith Ramkrishnan
      Navnith Ramkrishnan 2 жыл бұрын +1

      @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.

    • Jarett Gross
      Jarett Gross 2 жыл бұрын

      @Mohan Valrani Happy birthday Mohan

  • Dilendra Ratnayake
    Dilendra Ratnayake  Жыл бұрын +2

    Knowledge of years delivered in 60 minutes. A great video.

  • Ashfaq Sheikh
    Ashfaq Sheikh 5 жыл бұрын +1

    Very impressive. I learned a lot. Thanks Mr. Damodaran.

  • AConsideredMoment
    AConsideredMoment 5 жыл бұрын +26

    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.

    • J K J
      J K J 2 жыл бұрын +1

      MOST USELESS OR USEFUL ? I AM CONFUSED .

  • Rahul Sharma
    Rahul Sharma 2 жыл бұрын

    Such a fantastic overview of valuation in just an hour. Thank you..

  • Deric Flair Multiverse
    Deric Flair Multiverse 2 жыл бұрын

    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

  • oshiawase ni
    oshiawase ni 2 жыл бұрын +14

    This is incredible....the quality of learning on KZclip is amazing.

  • Gazi Mahmood
    Gazi Mahmood 2 жыл бұрын

    This man is an amazing teacher!!

  • oah 84
    oah 84 2 жыл бұрын

    This talk is simply amazing. Tons of info to grasp in one video.

  • Mr H
    Mr H 4 жыл бұрын +3

    This was amazing, professor! A huge fan.

  • yeah112358
    yeah112358 2 жыл бұрын +2

    Brilliant point on valuation vs pricing. Great talk!!

  • Ashish Sawhney
    Ashish Sawhney 2 жыл бұрын +5

    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.

  • allies Team C
    allies Team C 2 жыл бұрын +1

    Excellent, entertaining substantive and creative presentation! Many thanks! 🙏😃

  • Chris Williams
    Chris Williams 2 жыл бұрын

    Thoroughly enjoyed! Without a doubt he'd be my favourite professor at college

  • Supernova
    Supernova 6 жыл бұрын +2

    Amazing presentation! Does Damodaran do talks around the country? I would love to attend one.

  • Shan
    Shan 6 жыл бұрын +13

    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

    • Oke Ekpagha
      Oke Ekpagha  Жыл бұрын

      Did you eventually find a tutorial that helped?

  • Vijay Rajendran
    Vijay Rajendran 2 жыл бұрын

    The single greatest lecture on finance on the internet.

  • Ram kishor
    Ram kishor  Жыл бұрын

    He is a great teacher...really awesome listening to him !!

  • Patterson Thomas
    Patterson Thomas 5 ай бұрын +102

    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.

    • Mi Mirabel
      Mi Mirabel 5 ай бұрын

      In my experience once you want to sell because you start to lose hope , is the moment it really starts pumping

    • kelvin Edwin
      kelvin Edwin 5 ай бұрын

      I invested with Stacy Huth too, she understands every beginner's intention and fixes you to a trading plan that matches your capacity.

    • Elaine Valentina
      Elaine Valentina 5 ай бұрын

      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..

    • Donald Marshall
      Donald Marshall 5 ай бұрын

      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.

    • David Lee
      David Lee  5 ай бұрын

      I can’t describe how much your help meant to me. I’ll forever cherish your great acts. thank you so much Stacy Huth .

  • The Traveler Wonderful world
    The Traveler Wonderful world  Жыл бұрын +2

    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 😊

  • The Estate Gallery LLC TEG Auction Services

    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

  • Marta Rivas
    Marta Rivas 6 жыл бұрын +6

    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

  • Dinesh Kulkarni
    Dinesh Kulkarni 2 жыл бұрын +1

    Excellent !! Damodaran is one of the best authorities on valuation topic👌👍

  • Chian Yee Lee
    Chian Yee Lee 6 жыл бұрын +110

    he is a great teacher

  • d -moscon
    d -moscon 2 жыл бұрын +4

    I wish i could have had a teacher like him at the time i was in university.

    • Compound Investing
      Compound Investing 2 жыл бұрын

      I Wish the same..Many of his talks are on youtube though..

  • Phoenix Rising
    Phoenix Rising  Жыл бұрын

    That’s a overflow of wisdom . Thanks Ashwath .

  • Kaita 117
    Kaita 117 2 жыл бұрын +2

    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.

  • R6 Limoi
    R6 Limoi 2 жыл бұрын

    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.

  • Invest with alliseeisW
    Invest with alliseeisW 2 жыл бұрын +1

    I love the clear explanations and putting the concepts into simple context with examples provided. Thanks for sharing your knowledge!

  • Rudhisundar Beura
    Rudhisundar Beura 3 жыл бұрын +8

    I needed this talk. Thank you, sir!!

  • sportsmusiclover
    sportsmusiclover 2 жыл бұрын

    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.

  • Sara Spano
    Sara Spano 6 ай бұрын

    Such a well-spent hour. Thank you, Google, for making this accessible to everyone.

  • Cadddie_AI
    Cadddie_AI 3 жыл бұрын +1

    rare to see such transparency from intellectuals, really enjoyed the talk.

  • Saptarshi Chatterjee
    Saptarshi Chatterjee 3 жыл бұрын +17

    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.

  • osraneslipy
    osraneslipy 2 жыл бұрын +9

    This is one of the best finance-related videos I have ever seen

  • hydraman007
    hydraman007 11 ай бұрын +1

    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.

  • beej agpalo
    beej agpalo 2 жыл бұрын +48

    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.

  • P h i l o s o p h y
    P h i l o s o p h y  4 жыл бұрын

    Goodness Aswath is so insightful!! ABSOLUTELY LOVE LEARNING FROM HERE on here! Thank you Talks at Google!!

  • Christopher Armstrong
    Christopher Armstrong  Жыл бұрын +5

    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.

    • Christopher Armstrong
      Christopher Armstrong 11 ай бұрын

      @Mei Mei Sure, these notes are for myself, BTW - but happy to hear others are getting use out of them :)

    • Mei Mei
      Mei Mei 11 ай бұрын +1

      Thank you for writing this out.

  • Coin Market reports
    Coin Market reports 2 жыл бұрын

    I hope they see how lucky they are to be in this session and the importance of this.

  • 77magicbus
    77magicbus Ай бұрын

    I love reading your articles and listening to your KZclip videos, and podcasts. Thanks for giving so much wisdom and understanding .

  • Maurice Gorleku
    Maurice Gorleku 7 ай бұрын

    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.

  • maxed59
    maxed59  Жыл бұрын

    Very insightful, thank you for great content.

  • Steven Oliver
    Steven Oliver 4 жыл бұрын +18

    He's a gifted teacher.

  • Searchoftruth
    Searchoftruth 3 жыл бұрын

    i loved it, aswath truely made it insanely simple

  • Wamuyu Gatheru
    Wamuyu Gatheru 5 жыл бұрын +3

    Wow. Lucky people who have been taught by this interesting and knowledgable man!

  • LefkiosG
    LefkiosG  Жыл бұрын

    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.

  • Clinton Rezeki
    Clinton Rezeki 4 жыл бұрын +1

    Thank you for teaching us!

  • Tocaciu Levente
    Tocaciu Levente  Жыл бұрын

    One of the best videos on youtube!!!
    thank you sir!

  • Mark F
    Mark F  Жыл бұрын

    I love this guy! Thank you for this talk!!

  • Willinoy Sitorus
    Willinoy Sitorus 2 жыл бұрын

    You are a God of finance, when you can talk about boring theories of accounting/banking/finance in a cool and very simple way.

  • Sughosh Narayan
    Sughosh Narayan 8 жыл бұрын +14

    Excellent talk, thanks!

  • Tamara Pensiero
    Tamara Pensiero 2 жыл бұрын

    Great style, love the vest. Also wonderful lecture, thank you. Got yourself a new follower. 🙏

  • Mohit Kalyan
    Mohit Kalyan 4 жыл бұрын +1

    What a teacher!

  • Patrick
    Patrick 2 жыл бұрын +1

    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.

  • Rekha B
    Rekha B 2 жыл бұрын +1

    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....💸🔫

  • Gustavo
    Gustavo 2 жыл бұрын +3

    38:15 me when someone asks me how I came up with the numbers in my valuation 😆 seriously though, love this guy!

  • jplasen
    jplasen  Жыл бұрын +1

    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?

  • Tari Itonyo
    Tari Itonyo 2 жыл бұрын +1

    Love this!!!!! Picked up my notebook after 5 mins. So many gems.

  • Anogoya Dagaati
    Anogoya Dagaati 2 жыл бұрын +1

    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!

  • subhrajyoti saha
    subhrajyoti saha 4 жыл бұрын +1

    Why didn't I had this gentleman teach me during my MBA? Would have been so much more interesting.

  • waterboygeorge
    waterboygeorge 7 жыл бұрын +2

    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.

  • TTTT
    TTTT 7 жыл бұрын +21

    This video is AMAZING. Learning so much from GoogleTalks. Thank You.

  • Brett Rhodes
    Brett Rhodes  Жыл бұрын

    There are lots of books on investing strategy but a prescriptive methodology to valuation unique. This is excellent. Thank you!

  • Anirban Biswas
    Anirban Biswas 7 жыл бұрын +36

    Sir..one day i will attend your class definitely

    • Ayush Naik
      Ayush Naik  Жыл бұрын

      Hey did you attended any so far?

  • Christopher Okhravi
    Christopher Okhravi 5 жыл бұрын

    Incredibly interesting. Thank you very much :)

  • FunnyAsian4U
    FunnyAsian4U 2 жыл бұрын

    I'm sociology major and can understand this somewhat
    Aswath is geniusv

  • Trevor Abram | UI Trev
    Trevor Abram | UI Trev  Жыл бұрын

    This guys was so humble during the talk. Loved it!

  • Andy
    Andy 2 жыл бұрын +1

    Wow. This was a great presentation. Keep me interested for the full hour

  • Raghu Teja
    Raghu Teja 2 жыл бұрын +1

    With zero knowledge of business and finance, you got me interested in the topic. Thank you, I certainly learned from the talk.

  • TrailBlazer5280
    TrailBlazer5280 2 жыл бұрын +1

    Love this guy, finally someone speaking the truth; Goodwill is bullshit!

  • Giuseppe Enriquez
    Giuseppe Enriquez 2 жыл бұрын

    This is amazing content!