The skill. To find a new source of energy. Since water’s energy is equal to gasoline weight for weight, it is the perfect fuel. The reaction for splitting water isn’t electrolysis, but a nano photo electrochemical one.

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

Sawa bana means, " It's cool, man/bro. It's okay, man/bro.

How do you mean exactly?

Exit interviews make sense, because often people have nothing to lose at that point, therefore more likely to be honest

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

Tell us about IBM, sir

I still do not get why this guy is famous.

It is interesting that other world chess champions do not deal with politics, but Kasparov does. I just noted it

Don't you mean knowledge not information

Naaa!

This is an awesome concept!

This was phenomenal. Brian Tracy is G🔥

I think all Physicians in the U.S.need to watch this.

Amazing lessons in sales.simply the best

This man is legit, thanks for the insight mr brian.

This is what I am talking about!

These kind of content is suitable to twitter more than KZfaq, ops I meant x

"Sawubona" is a Zulu word - you do not find that in Kenya. You will find it in South Africa and Zimbabwe

I need the PowerPoint notes on this! Maybe that was problem! I hated the confines of school. I hate repetition. I’m always looking for answers in my job that most people can’t answer.

Nice shot 9:27 Average people - shows audience.

Wow amazing job, what song have you use?

We carry primate psychology. Status is a major driver. Getting it wrong means dropping in status which hurts your social survival possibility. It's difficult to overcome that fear. Billions wouldn't be victim to that fear if it was easy to overcome. Let's take this lecture itself. If there was a series of goofups, the presenter will quickly lose respect. Apart from the fact that he is impeccably dressed, he is making every effort to sound perfect as he speaks.

Despite all the financial struggles I and my family faced, everything is finally falling into place! $47,000 weekly profit and riches I'll always praise the Lord

B

This is worth a Masterclass 🎉❤

Brian Tracy widsom is on another level

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

For as smart as that was, you ended with a moon landing reference. That was the only fail in that speech.

This guy is a giant red flag, for the world. Don’t listen to a word he says, he just wants power.

Thank you so much Marina for such a powerful and inspiring speech, even after many challenges Ukrainian women are unbroken as well as Ukrainian brave men. Proud being Ukrainian, and work for the Victory of Ukraine🙏❤️🇺🇦

I’m a full time Artist. I’ve been faulted for being too matter of fact in my art sales.. “What is the wall size in the space your thinking of hanging this?” It’s more difficult for me sharing my personal feelings about a piece I created. I have decided that if a client loves the painting they will buy it. I do know I have sacrificed many sales since I’m not a closer. I see it all over their face they WANT me to push them forward. 👩‍🎨

### Summary of "Aswath Damodaran - Laws of Valuation: Revealing the Myths and Misconceptions - Nordic Business Forum" #### 1. Main Idea The primary focus of the video is to explore the concept of corporate life cycles and how different stages of this cycle-startup, growth, maturity, and decline-affect the strategies and valuation of companies. Aswath Damodaran emphasizes the importance of adapting business practices to align with a company's stage in its lifecycle, discussing valuation techniques, and the role of CEOs at various stages. #### 2. Detailed Summary **Introduction**: Aswath Damodaran introduces the concept of corporate life cycles, likening them to human life cycles, with stages of birth, growth, maturity, and decline. He underscores the dangers of companies trying to defy their natural lifecycle. **Corporate Lifecycle**: - **Startup**: High mortality rate, focus on investment and building growth assets. Example: Artificial intelligence startups. - **Young Growth**: Companies behave like teenagers, taking risks and making mistakes. Example: Tesla and Uber. - **Mature Growth**: Companies enjoy stability and strong cash flows. Example: Facebook and Google. - **Mature Companies**: Companies start to slow down. Example: General Electric (GE). - **Decline**: Companies face inevitable decline, needing to focus on returning cash to owners. **Valuation Across the Lifecycle**: - **Young Companies**: Valuation driven by potential and stories rather than numbers. - **Mature Companies**: Numbers become critical; the story becomes less flexible. **Challenges and Strategies**: - Companies must adapt their strategies to their lifecycle stage. - Young companies should avoid debt and focus on investments. - Mature companies can optimize their financing mix. - Declining companies should prioritize returning cash to shareholders. **Valuation Insights**: - **Valuation is not just about numbers but also the narrative**. Every number in a valuation should have a story, and every story should have numbers to back it up. - **Examples**: Amazon is described as a disruption platform affecting various industries, making it difficult to pin down its lifecycle stage. **Role of CEOs**: - Different stages require different types of leadership: - **Visionary (Steve)** for startups. - **Builder (Bob)** for young growth companies. - **Defender (Don)** for mature companies. - **Liquidator (Larry)** for declining companies. **Case Study - Tesla**: - Damodaran discusses Elon Musk's role at Tesla, comparing him to Steve Jobs. He suggests that while Musk's vision is critical, he needs a competent COO to handle operations effectively. #### 3. Notable Quotes - "A good valuation always has a story embedded in it." - "Young companies that borrow money... put their entire future at risk." - "If you build it, they will come" (referring to Amazon's business model). #### 4. Key Takeaways - **Corporate Lifecycle**: Companies go through distinct stages, and recognizing these stages helps in making better strategic decisions. - **Valuation Techniques**: Successful valuation requires balancing stories and numbers, adapting approaches based on the company's lifecycle stage. - **Leadership Requirements**: Effective CEOs for different stages vary; visionary leaders are crucial for startups, while more operationally focused leaders are necessary for mature and declining companies. - **Adapting Strategies**: Companies must adapt their strategies to align with their current stage in the lifecycle to avoid destruction of value. - **Amazon's Impact**: Amazon exemplifies how a company can disrupt entire industries, complicating traditional valuation methods.

Good leadership requires good management and vice-versa. Check out "Fail-Safe 101 Actionable Insights on Failures in Leadership and Management." A new book pack full of excellent lessons learned about leadership and management.

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❤

Excellent learning.

Great interview! Very refreshing!

Free free Palestine 🇵🇸

Heisenberg joke deserved a laugh

You have to learn the principles of management to master the art of leadership.

Not in sales myself. There are great lessons for everybody in the lecture. Thanks Mr. Tracy.

Mr. Yuval Harari... are the Psychotronic Targeted Individuals are useless eaters too? I only mind what are possible and I like what will you say about the TIs of the world.

34:43 - This is the absolute best part of the whole talk (took me a sec, but I got it)!

AI revolution might be more dangerous than atomic revolution. I really hope that those in power will assess its repercussions.

Wow. DEEP ❤

Can anyone explain the part where he suggests that "Lean" actually means "Wrong" ? such a confusing statement !

USA has sold a lot of DEBT. When are we going to buy it back?

I'm NOT A KEYNESIAN. Keynesianism drove this country to 35 Trillion in debt. NO THANKS, but i still need to learn this for my BUSINESS major. Math and Law and Accounting. But sales?

Many companies expand, shrink, and rebound. It happens all the time. This guy is an idiot. Ford has been around since the turn of the century. There are 300 year old businesses, guys.