Those who are into value investing would likely have heard of Aswath Damodaran. He is the Professor of Finance at New York University and has generously shared his lectures and valuation spreadsheets online for all to benefit from it.
In this podcast interview by We Study Billionaires- The Investor's Podcast Network on Spotify, he shared many of his thoughts on valuation and going to even philosophy of life.
Some interesting nuggets of knowledge I gathered from this interview will be:
1) To value a company, you just have to split the information gathered into 3 baskets. These are namely growth profile, operating margins and reinvestment needs.
2) In order to come up with a good valuation, you have to curate a story which you can do it better by talking to the stakeholders- tesla owners or Airbnb hosts.
3) His thoughts on Tesla which I would disagree with as his valuation is more towards Tesla just as a merely auto manufacturer.
4) The hype of ESG is overblown and focusing on it would not lead to drastic changes in cash flow and valuation.
5) His thoughts on crypto as an alternative investment and also on Alibaba.
6) Portfolio allocation and When to Sell your Winners?
7) How to keep your serenity under extreme market conditions?
There are many more snippets of sound advice that you could benefit from in this interview.
Here is the link to the full interview:
https://open.spotify.com/episode/2BAxBluC9l0VfytwzyEohQ?si=qahZpMx5S7unR0Nb0gZpfg
These are some old videos with him at the Google Talks that are also very insightful:
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