Protecting your capital is much more important than making money. Basically because if you lose your capital, making money is much harder. ''Missing the train'' vs. ''losing your money''. There are a lot of trains, but if your money is gone, it's over.

KZfaq really amazes me man, sometimes you watch cat videos for hours and sometimes you stumble across some life-changing peace of advices. Great Presantation! I'm a big fan of Prof. Damodaran and the incredible knowledge he's passing on👏👏

Prof. Aswath Damodaran comes from an illustrious lineage. His paternal grand father was Sir Ramaswamy Mudaliar of the famed Arcot Twins. His parents AR Damodaran and Andal Damodaran were social entrepreneurs and founders of ARLM School of Cuddalore TN India. A proud alum of that school. 🙏

I can't even recall when was the last time I heard a lucid delivery like this one. Hats off to him!!

We are already in a big crash Inflation is a catastrophe. This CPI report is a colossal failure. To bring the housing market to a halt, the FED will have to pull all the stops. The unfortunate issue is that other markets are being decimated. If you want to stay green, you have to rely on a lot of diversification. Currently up 14% and being careful. Still a better deal than leaving it in a savings or checking account yielding 0-1 percent interest.

I have been an ardent fan and follower of Professor Damodaran for over 30 years. He made me a fundamentalist. Today he has evolved and thanks to him, so have I. What a brilliant mind.

It's not everytime you see a video on KZfaq that you wish has no end.

This man is a real global treasury that deserved to be glorified, he Should have been Nobel prize winner for what he has been doing

Do you haters not understand this is the god king of equity valuation?

Been flowing him for years but first time I have seen him teach. Brilliant.

If this professor puts together an index fund , I’ll definitely invest in it.

Oh my god almost 16 years later I am listening to Professor Damodaran’s voice. How wonderfully he has aged. It was early years for KZfaq. Prf. Damodaran’s full lectures existed even 15 years ago. Those days the economic students in the university used to ask ( just for fun though) If I was somehow related to him. Haha 😂

When Aswath was born, Finance called him the farther!

Aside from his obvious mastery of the subject, his delivery is so smooth, effortless and articulate. He has been speaking in front of audiences for decades but does not take away his dominant presence on stage.

a deeply passionate academic about a subject that is garnering a lot of attention: valuation.

There are a lot of ways people complicate valuation but only a master can put it in such a simple way.

Now! Please teach this art of lecturing to my university professors as well!

one word...legend. May prof Aswath never gets tired to share your light

Wow.. just wow..I get one day off for myself and this session is the BEST thing to happen. Pure genius and thanks for dispelling our darkness with this enlightenment.

What a lecture... These are the people who must be watched and listened to. Great thinking human beings. Great value. Beneficial for me as an entrepreneur.

OMG What a sound quality BEST I have heard on any YT stage video

This video commands multiple watches from an amateur investor like me... I can confidently say this guy is gutsy and brilliant... This 28 mins video added new perspective to me in investing...Time will tell how well I use this information

I came here from IG because of the Steve Jobs/Tim Cook story. It was worth the wait.

The simplest way to explain valuation is the Need of human, and its quantification of demand and supply in that particular time. No company is permanent or the executive. But understanding of the requirement and it's supply determines winning of the rat race.

Definitely, the BEST talk I've heard on Finance, Management, and Life in general as applied to Lifecycles !!! I'm going to talking about this A LOT to everyone I know.

Thank you Prof. D! You explain valuation in a way that makes me think differently about valuating companies… you are definitely a gift to society! 👍

I was waiting for his solution for declining companies and found it towards the end: liquidation! I think this is highly simplistic if not depressing. The reality is, many companies have re-invented themselves over time by developing new strategies, entering new markets, developing new products, selling off old businesses, and so on. I think this is a major inadequacy of this theory. Will a CEO seriously apply this theory if they are running a company in the decline phase? Apart from that, his corporate lifecycle theory provides some useful insights such as appropriate CEO for different phases.

I have far too many videos in my Watch Later... This gem of a video played by accident. Absolutely amazing insight, delivery, and presentation. Thank you, Professor Damodaran!

One of the best talks, I have ever seen. He was awesome, when the video ends I was like it is not 25 minutes.

Wonderful presentation, I loved your approach to management based on the corporate life cycle and the principle that technology companies age in "dog years".

What an amazing session! 30 minutes worth spent on KZfaq!

Aswath Damodaran, never disappoints, excellent lecture. He reminds me of Prof. Vikas Srivastava of Indian Institute of Management, Lucknow. Same type of delivery, every single word of his lecture used to be valuable.

Prof Damodaran is the King of valuation and I am so happy to have found this lecture at a time when I need it most for my own Company. Thank you Dr Damodaran!

The superstar of valuation!

Aswath Damodaran is a visionary... Love this guy!

Wow. This guys really knows how to give a lecture. Amazing.

I am from 2023 august and i didnt know this man but now i saw this and his predictions and i am mind boggled by the accuracy of his predictions and now i will follow his analysis see all his videos and just be obssessed with himmm

What professor Damodaran calls "compressed cycles" in technological companies , i would call it "early maturity", which means that technological companies reachs quickly the mature state but at the same time they can eventually prolonge their declining by innovation and market strategies.

This is best video, must watch if you want to invest into any company. He explained very well about life cycle of business.

Such an awesome presentation. Legendary. Kudos to Mr aswath.

If anyone want to read multiple books 📚 on Finance or Financial psychology or just listen this 28:47 minutes video only. I thinks it could be equally beneficial. Salute to Aswath Damodaran. What a beautiful way to explain it with simple examples.

OMG what an amazing talk. I just found it 5 years too late!!

such a great talk I have ever seen . Thank you so much Damodaran. Wish to see you one day!

I was perhaps blessed today that I had the opportunity to listen to Damodaran Sir.

This dude & @Naval Ravikant is challenging the perception we have around startup and business landscape.

Truly called 'The father of valuation' . Aswath sir has made India proud.

What a great presentation! But that guy in the end killed his name...."Aahwaat damudoraaan".

"Please God, don't let Amazon come into my business"

This was recommended to me so many times that I finally had to watch why was it

Great delivery! Funny thing is, however, you can always pick and choose examples to buttress your point. There can be endless stories for the same time period of history, all delivering different narratives that are all believable depending on who is delivering and who is listening.

all corporate managers and professional investors alike should be required to watch this.95% of what they need to know is right here, and they'll spend the rest of the careers learning that last 5% through experience.

Thxs Proffesor. Brilliant, as usual. Once more: My respects

Everything great about this lecture.

What a great presentation, yet a flat ending, the professor didn't end definitively then someone runs on to the Q&A session with the preface our cup doth not runneth over quip, we don't have any time. Appalling. Make the time. Delegates will never complain the speaker ran over with too much insightful, engaging and pertinent Information. And the speaker has to end their information transfer with words which translate into how brilliant was what I just told you.

wow wathcing in 2021. the tesla one on point. amazon part on point. u sir are a genius.

What an amazing way of explaining things!!!!! builds up lot of interest and surely thought provoking.

One of the best lectures on valuation based on the stage & age of a Company, by Prof. Damodaran. Awesome 👍

Just unbelievable! No one explains like he does

What an amazing delivery of much misunderstood valuation and the right ceo in the context of lifecycle. Exciting times we all live in. Thanks for sharing!

Thanks a bunch for uploading. Damodaran is fantastic, I've learned much more from his free lectures and material than in my executive education valuation course. Is there a way to get the slides in .PDF?

His confidence speaks, about his experience.. Excellent.

How would you describe Microsoft as a company. In past few years it has reinvented itself and is doing great.

What a brilliant lecture! Because it was so simple to understand for the complexity it had. Thank you Professor!

Excellent teaching by my Guru. The illustration of the life cycle of companies is fascinating. But sir, I have a question. There are companies that have been in existing for over 100 years like Unilever, employing more than 127,000people and touching the lives of 3.4 billion people. if we say that they are on the decline phase, will it not lead tomassive unemployment and a huge economic set back both for the company, its stakeholders and the world in general. What should such companies do. Is it possible for a company to swim back from Decline phase to growth phase again

A great presentation though I'm watching 5yrs after posting and still relevant.

My goodness! I was feeling I'm listening to the most beautiful music about finance! I'm an investment analyst, I never witnessed this kind of lecture or tutorial on youtube or in my university!

[MBA] Subjects can be so interesting .. I started believing this from this lecture.!

During my Mba from the premium most institute of eastern India....I used to learn from his corporate finance book. Thank you for this presentation.

his 25 min lecture seems a most lengthy one so meaty... hats off!!

Holy cow! How the announcer butchered his name

Geez Louise! This guy isc Awesome. Had to speed it up to 1.25 Because his beach pattern is so slow. but Incredible wisdom here! I hope all business schools are getting this type of instruction

I dont know this man but by the way he explained stuff i am sure he is a huge dude in this field.

Great speech even from the start... Young companies trying to be old and old companies trying to be young

Thank you youtube for recommending me this. Long live the dean of valuation🙏❤‍🔥

i just wanted to browse through but watched the entire keynote, one of the best speech I watched this year

Your way of explaining things are just wow

No words he is a great speaker with sound knowledge.

Im not interested in finance or business ...but this talk was so captivating that I could not stop watching.....

So well explained. I hope the byju leadership had watched this.

I'm a CompSci Major and watched this bcoz of KZfaq Recommendation. Now I'm rethinking my whole life decision, why have I not taken Finance as my career?

His english is soo understandable😮

Ashwath is the super God of valuation.Awesome academic!

the best takeway from this disertation is the need to perform a evaluation of the target compañy, both cuantitative and qualitative, before proceeding to forecast cash flows. Regardless that the present value of a compañy being the presente value of it's future cash flows, money generation in the future depends heavily on it's present capacity acquired through years of decision making and strategies implemented. How resilient has been the target company in the past in complex scenarios? How many of it's current strenghts will be sustainable in the future? Those are interesting questions to make before calculate how much the company is worth. Concerning Amazon's valuation, what drives it´s value? is it the platform? is it the bussiness inteligence? Are them replicable?, the brand...maybe? .

Thank god i stumbled upon this somehow and learned something new and informative. Though i never knew this prof. was from our country

can listen to him all day long

man ..this is pure gold absolutely free...

Very informative speech by him. Also it's funny to see how difficult foreigners are finding to pronounce his name correctly 😂

this is 5 year old lecture. he criticized Walmart and GE but both are doing great

Sir , you are simply amazing. God bless you

Best 25 minutes spend in KZfaq today

What an amazing description of Amazon!

I am disappointed with myself for only discovering this gentleman now.. 1 video and I am a fan I do think that his vision of valuation has profound consequences for traditional finance that I’d like to see explored. The notion of a blue chip company for one. These companies by his own admission would fall within the latter stages of the lifecycle. What is the impact of this on portfolio allocation for example? Either way I love his anecdote of going beyond numbers in valuations

Thank you to the person who took the time to splice the Slides in

Sir I have 1 point which I feel that if any company regardless of how much old it is, if it is able 2 understand market and modify themselves, overcome or upgrade themselves whenever the situation arises will last forever according to me

Having an obsession for saving the planet by Electrification seems to have overcome the fuddite stories. Now we need to do the same for resciencing our Origin knowledge of Actuality.., definitely not a story to be disguised by fear, random uncertainty or threats leading to anxiety. Doubt is good Sciencing.

Aswath is the man! I ALWAYS learn fm this scholar.

Professor - do you have updated theory on how companies that don’t act their age are still in their prime? You mentioned about Tesla borrowing 5billlion when they didn’t make profit but today they are most profitable car company. Big techs like apple and google and Meta are doing acquisitions always to be young. In some cases they blindly copy features launched from startups and deliver to billion people using their established base thereby killing the startup. So I would be very curious to understand you thought process in todays world and I perfectly understand todays reality might again chnange few years down the line. That’s the part which makes any business theory interesting. If there was just one way to succeed every business would be successful !!

It is an outstanding effort to imbibe the elements of valuation. He is simply lucid .

🙏 Well 🌞 nice to meet you 💐 shri Swami Samarth 🐚 Shri Swami Samarth 🌞 Shri Swami Samarth 🌞

This is the best video I have watched in ages. Very lucid presentation