Dr. Aswath Damodaran Talks Valuation, Market Uncertainty, and Bitcoin

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Dr. Damodaran's channel: / aswathdamodaranonvalua...
Dr. Damodaran's Website: pages.stern.nyu.edu/~adamodar/
Dr. Damodaran's blog: aswathdamodaran.blogspot.com/
This video is available as a podcast at www.theplainbagel.com and on Apple Podcasts (search "The Plain Podcast")!
00:00 - Introduction
02:36 - Why Aswath Teaches
06:27 - Valuation vs Pricing
16:36 - What Swath Looks For in a Company
19:11 - Common Analysis Mistakes
23:46 - The Changing Valuation Environment
32:02 - Aswath's Views on Crypto
42:49 - Closing Tips
I had the chance to sit down with the "Dean of Valuation" himself, Dr. Damodaran of NYU Stern, who offered is views on valuation, the current market environment, and bitcoin.
If you'd like to support the channel, you can do so at / theplainbagel :)
DISCLAIMER:
This channel is for education purposes only and does not constitute financial advice - Richard is not responsible for investment actions taken by viewers. Please seek out a registered advisor if you require assistance (while Richard is a registered portfolio manager at WDS Investment Management, he does not provide advice through The Plain Bagel, which is not affiliated with his employer).

Опубликовано:

28 май 2024

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Комментарии : 292

@cnhtol1586 Год назад

His RU-vid channel has free finance courses, people will charge you thousands of dollars for 10% of what he is giving free on RU-vid. True legend. I learnt a lot about corporate finance from him.

@dolevmazker736 Год назад

me too, his work really helped me

@MrSupernova111 Год назад

Not only that but the quality of his lectures exceeds that of just about any paid course.

@frankyohance4625 Год назад

His course is excellent

@kurtilein3 Год назад

Patrick Boyle has a complete university-level course about "Applied Portfolio Management" on his channel for free. He does teach on advanced finance topics at university. He did run a successful hedge fund which made profit year after year and start to finish, which is rare. He closed it down knowing that his strategies can only work in a certain volume range, and continues running his strategies with his own money. He won numerous awards. Coffezilla is an excellent youtuber and content producer in the financial area, Boyle is a beast when it comes to credentials in the financial industry.

@AJ-iu6nw Год назад

Is this one of those "Contact Mr. Wilson" for my "financial" education type comments? because we won't contact him.

@benjjjaamiinn Год назад

Aswath's channel is one of my favorites to plagiar- adapt from! Only second to The Plain Bagel!

@ThePlainBagel Год назад

Oh my God it's Benjamin

@tommy7613 Год назад

Benjamin, you know degenerates aren't allowed on this channel. Jkjk but when's the next video coming out?

@francescoghizzo Год назад

@@ThePlainBagel Damodaran, Plain Bagel, Patrick Boyle and Sven Carlin are the best finance channels on RU-vid. But only Benjamin teaches you how to leverage like Bill Hwang!

@Aditya19012 Год назад

Huge respect to Professor Damodaran for giving us the experience of learning from the best for free..He's doing an amazing work for people like me who want to make it big in the world of finance

@ErikLivelyScottsdale Год назад

In 2012 I worked for a software company selling business valuation software for accountants. I didn't know anything about business valuation. In searching the internet I found Dr. Damordaran's MBA valuation classes. Over the next 3 months at night and on weekends I basically took the entire class for free. It was amazing. I was helping our programmers find bugs and issues in the software and I knew more than the people that were using the software yo help actual clients. He's a great teacher and it's awesome what he's contributed to learning through his free online content. You can get 50k of learning for free.

@hadleyjolley3375 Год назад

As to Universities: I've never heard of a school that was upset about a professor providing public education in their field. If MOOCs have taught us anything it is that though knowledge may be free, grading and one-on-one experiences cost money.

@kuenmao Год назад

"Created by the paranoid for the paranoid". That's such a great way to summarize the beliefs behind bitcoin, and speaks so well to the problems of adoption.

@James-vj5hz Год назад

I like having a paranoia allocation in a portfolio. Without it, you can't really claim to have diversification. As an internationalist, I value having the ability to move my personally owned value anywhere in the world. I can't do that with my TFSA or RRSP if the government of Canada becomes hostile in any way. Bitcoin isn't an investment, like a cash flowing business. It's just a bearer asset that is digital.

@wachtwoord5796 Год назад

What is paranoid and what is being aware and diligent wrt a legitimate risk is always going to be subjective. And after such a risk materializes (or not) everyone suddenly will treat it as if whatever the outcome was was a given a priori. It is possible to value Bitcoin. Not by cash flow, and not very exact because there are so many large unknowns that will heavily impact thar but it's highly likely to be undervalued by several orders of magnitude. At the same time it's more heavily undervalued relative to the "other cryptos" (very few of them are cryptocurrencies and 99.99% are just outright scam but I have to summarize it somehow) than it is relative to fiat currencies. So people buying/owning eg Ethereum over Bitcoin is much more insane to me then people choosing not to buy/own either. At least the latter is a logically consistent take.

@erikdeca Год назад

Just because you're paranoid does not mean that the WEF and the top 0.1% are not out to make sure you become and remain poor.

@fadedflage Год назад

It isnt paranoia when they really are after you

@dobariyanaitikdineshbhai6832 5 месяцев назад

@@James-vj5hz It is more likely that you'll lose your money in crypto than the Canadian government would go hostile especially run after a person.

@ellemarr7234 Год назад

As someone who misses university learning, I will be forever grateful for brilliant guests sharing their knowledge with us. Big up 😊

@juljk8397 Год назад

He’s wrong about BTC, I encourage you to look at my other comment

@ellemarr7234 Год назад

@@juljk8397 ok thank you random, anonymous person. We shall take your advice and not this fool’s. As if 👋

@juljk8397 Год назад

@@ellemarr7234 look for my comment and then DYOR. You shouldnt always listen to influencers online lol

@ErikLivelyScottsdale Год назад

Dr. Damodaran literally wrote the book on valuation. He is who presidents and CEO's listen to.

@samuelbarnes9243 Год назад

@@juljk8397 Even if he's wrong about Crypto/BTC (and I actually disagree with about half of his thoughts on Crypto/BTC), he's an incredibly smart man with a lot of knowledge and experience in the world of investing. It pays to listen to him and learn from him even if you may not agree with everything he says. I believe in forming your own opinion in life but doing so under the guidance of smart people that are experts in their field. I am a crypto made millionaire and a large proponent of the space and yet I can confidently say that Dr. Aswath is one of the main teachers that have shaped my thoughts and opinions on investing and helped lead me towards success.

@fail_fast Год назад

Dude, I can't believe you got Damodaran in for an interview. Value Legend over here Seems like you're on an interview spree rn - can we please get Roaring Kitty next? 😸

@Jos_Louis Год назад

Damnnnn Richard, you're moving on up if you're securing some high profile guests like Prof. Damodaran on your podcast/RU-vid videos! Congrats on the amazing opportunity and thank you for sharing. This was a great discussion!

@vonb2792 Год назад

i dont know who is more excited seeing this interview... Richard or me ! I discovered Dr.Aswath thanks to the pandemic and been learning since

@geekytraveler5899 Год назад

Haven't watched it yet, but I'm already in for the video. You've got the legendary person on the interview Prof Damodaran's was my first book in Corp finances about 10 years ago and my deepest respect to this man. Looking forward for content here. PS: I'm a software dev guy, but when I was working for wall st - I believed in knowing more about the domain.

@danielmerinsky467 Год назад

The legend of finance himself. I use prof. Damodaran's data that he publishes for free at my work literally everyday.

@Studeb Год назад

This guy is great, he said exactly the sentence I have said many times but seen nobody else say: "All crypto in the world was at the peak valued the same as the biggest company in the world", really not that much in the grand scheme of things.

@Drift0x Год назад

So I think you have to choose: staying out of the game while it's still early, take your slice (let's say 5% of your whole portfolio) now at very low price, or waiting when it will be too late and see another train running 200 mph speed when you could take it when it was at the station with the doors opened?

@Ravi-xf8dw Год назад

@@Drift0x the problem is what if he invest through their party apps and they go bankrupt like celcius

@nanazinhaamaral Год назад

Could not believe this interview! Well done getting the mr. Myagi, the yoda, the absolute master from where all of ou financial models are based on. I bow to both of you MVPs

@JStack Год назад

This is not a troll/bot comment. Damodaran’s tips for evaluating a stock and “telling a story,” about it opened my eyes to better analysis. There is no free money glitch, but akin to understanding the math of poker, it gives you a higher level of information to work with than you had prior.

@francescoghizzo Год назад

Prof. Damodaran's classes were my first introduction to finance! One of the best finance channels on RU-vid hosting one of the best finance professors in the world 😊

@juljk8397 Год назад

He got bitcoin wrong though, you can even read my comment on this vid

@shaivahnparsons3244 Год назад

We are in the era where you can get MBA level courses for free online from anywhere in the world from professors like Dr Damodaran. Its breaking down barriers to entry and preventing elitists that can afford to go to prestigious business schools from gatekeeping their professions.

@heronekkotheanimer7386 Год назад

Yep, and that is only after 20 years of Internet as a common thing for people. Soon we may have access to most human knowledge on the tip of our hands and that will be awesome and sad, because I am sure that the mayority of people wont use said benefits.

@1Route69 Год назад

I’m gonna just say it: this is GOLD! Thank you. Both.

@Z.November Год назад

He has a very calming voice.

@chrissavory1858 Год назад

Loved your channel for a long time but this might be my single favourite video. I could listen to Aswath speak forever. Great job with the topics and questions.

@AlexFlavell Год назад

The collaboration I never knew I needed!!!

@Flying_Scorpion Год назад

I really liked what he had to say about crypto, especially bringing back to mind that it was originally sold as a new form of currency, but it's severely lacking in reliability and stability, too much so to be used effectively as a currency. Then pointing out that the real reason people buy it, is because they think they can sell it later for a profit. That was great to hear him put into words.

@MenwithHill Год назад

So great to see you with Aswath. He's such a knowledgeable man, way above all but a few on this website.

@mbeeck Год назад

What a fantastic conversation. Congrats for bringing good questions to the table!

@ipwnatcallofduty99 Год назад

I’ve been waiting for him to release a new video on his RU-vid. Now he’s on here!

@geoffreybomber Год назад

I’m about 2/3 through my first reading of Graham’s Intelligent Investor and this was such a wonderful modern application of those ideas. I’m trying my hardest to not jump on the fire sale going on right now in the market, demonstrating the other side of patience in the market.

@housinauthority5258 Год назад

Time in the market trumps timing the market.

@nrpbrown Год назад

This is an amazing interview, thank you. I'm going to go to his channel right now, this guy's something else.

@TheStringBreaker Год назад

*Impressive and respectable that you had Aswath Damodaran on!*

@paragkar8885 Год назад

Prof Damodram I have tremendous respect for the work that you are doing. Thank you from the bottom of my heart.

@jjh7611 Год назад

It’s well said and I’ve been preaching the same idea in many different concepts in life. People are different. There isn’t one golden rule for every person out there. This goes for trading, dieting pretty much anything

@zackrodriguez6653 Год назад

Happy to see a fellow Damodaran-head, big upvote

@AmrishKelkar Год назад

Re : "even in a room full of bitcoiners, the answer is almost 'never', as to when they last actually used it to buy something". The reason is not entirely because of what the prof states thereafter - that it is too volatile to use as currency. That is partly it, but, in part it is also Greshams law which says that when there's hard money and weak money (fiat) , the rational actor will spend the weak money (fiat) while hoarding the hard money (bitcoin).

@kirthanshaker1951 11 месяцев назад

A complete genius in his field. Thank you for Educating, Sir.

@vib_di Год назад

Much of Mr. Damodaran's Advises are similar to what Benjamin Grahm has to offer in Intelligent Investor. Those 4 rules:- 1) No less than 10 stocks and no more than 30, 2) Company Should Be Large, Prominent, and conservatively financed. 3) Solid track record of Dividend Payouts, 4) As company has a limit of profit earning, So does you should have a limit of the price to pay for the stock. And the last 50% stock and 50% bond or at least 25% bonds and 75% Stocks.

@MrSupernova111 Год назад

Huge fan of Dr. Aswath Damodaran here from back in my college days. He's a legend. Cheers!

@juljk8397 Год назад

I encourage you to think twice about that and look at my comment

@AJ-iu6nw Год назад

wow. you got the prof. Congrats Richard

@minma02262 Год назад

Really enjoyed this interview. Thank you for making this happen.

@NeMatiosaitis Год назад

One of the best interviews.

@juanvicencio2390 Год назад

I love Damodaran. his classes are amazing, and I aced my job interview cause all the things I learned in his class. I will be forever grateful for his generosity

@kevinmoore9655 Год назад

Richard, another great episode. I originally found you through your interview with Patrick Boyle, now another great find with this interview. And thanks to Dr. Damodaran for giving us his time an great insights.

@thomas6502 9 месяцев назад

Excellent guest and discussion. Thank you both!

@g.t.c7647 Год назад

Nice job on getting Dr. Damodaran!

@riadirige7804 Год назад

this is a great interview! i learned so much from you and your guest!

@asishreddy7729 Год назад

The comparison between bitcoin and dog poop made me crack up so hard 😂 Dr Damodaran actually made a serious comparison saying dog poop is scarce as well wasn’t even trolling he actually meant it and that made the whole thing 10x funnier

@kikolatulipe Год назад

Huge guest ! One of the best in the industry !

@DavidSmith-do6ji 8 месяцев назад

So much respect for Dr Aswath Damodaran he is an absolute legend, such a smart and kind man to share his knowledge!

@edwinbrace4681 Год назад

This is a GEM of a channel !

@Carefreeblues Год назад

Gosh this guy brings me back to my uni finance courses.

@arsalanheydari4426 Год назад

thank you Richard for inviting the professor.

@BaldInvestor Год назад

Great, interesting and wise conversation. Thank you very much.

@nwgverified Год назад

Good job getting on someone who knows what he's talking about

@Storming32 Год назад

Literally saw this guy in a meme this morning and now he's here on Plain Bagel.

@skyaudi7416 Год назад

That was a great guest and a good interview.

@mayankpant64 Год назад

Excellent Video ! very informational for any beginner investor looking to study about valuations.

@marqkamamerg9019 Год назад

Ive learned a lot. Thank you very much

@onlymanoj Год назад

Eye opening. Thanks for posting this.

@dvoiceotruth 9 месяцев назад

I had this intrinsic feeling which he clarified with the example in the beginning.

@ThanhCongTC Год назад

Great podcast, Richard!

@justcommenting4981 Год назад

Excellent video. Amazing guest. Really superb.

@ihordyba2717 Год назад

Thanks a lot for this conversation!

@taneishar1994 25 дней назад

This was a great interview. I am so glad I listened to it period thank you and the good doctor for allowing us into your conversation

@ajrobbins368 Год назад

Excellent interview, thanks.

@davidecastello8801 Год назад

I'm starting the video and I don't remember the last time I had soo high expectations... what a guest

@marinabaskakova2333 Год назад

Thank you for this interview!

@HeartoftheMatter Год назад

Awesome interview. Thanks!

@Goforitmanager Год назад

Wow, I always appreciate Dr. Damodaran such a straight shooter and interesting to listen. Made a 48 minute video seem like 10 minutes.

@gn3997 Год назад

Awesome content and even a better guest!

@neuvocastezero1838 Год назад

Wow, great interview, keep up the good work.

@Mrfoo2002 Год назад

Incredible interview

@rteddydacius Год назад

Superbe Interview. Clear questions and clear answers. No unnecessary fluff. Straight game.💯

@kennysmith1925 Год назад

What a guest. The man the legend

@anthonykuanda1762 Год назад

Great video. Alot of insight for investing 👍

@TheUnlistedOne Год назад

Love the video! Aswath is awesome!

@gorandamchevski Год назад

THANK YOU

@Akixkisu Год назад

Lovely guest and interesting talk :)

@andrewcameron4277 Год назад

Thank you for your content

@ramyazoury4789 Год назад

Great interview !

@Kraktur Год назад

Thanks a lot, great reference

@sahilchib5842 Год назад

Great video Richard ❤

@spikenova7295 Год назад

Amazing collab!

@simonroese2596 Год назад

Thankyou very much 😊 ☺️

@syariq7732 Год назад

i learned so much from this video. that why im now investing all my life saving in dog poop.

@Paulik753 Месяц назад

Aswath is very on point w/ the cryptocurrency section. Awesome.

@MeriadocTook-zu2bm Месяц назад

THIS IS SUPER COOL!

@GT-tj1qg Год назад

Fantastic insights about Bitcoin

@hideehere Год назад

finally they're getting the eyeballs they deserve

@Its.melvin Год назад

Oh dang big catch today Mr Bagel.

@SmarandaC Год назад

Oh this was awesome 👌

@danieltemelkovski9828 Год назад

Actually, the the 'Maginot Line' that Damodaran referred to do its job - the Germans did not attempt to attack through it, rather they had to go around it and attacked through Belgium. The larger point, however, is correct that most people (not only the French military) expected the war in the west to follow similar patterns as WWI.

@Misterfairweather Год назад

"The changing valuation environment" I had to play this for someone, having previously worked with a startup and still interacts with startups on occasion I'm amazed how much fixation there is on scaling but folks actively avoid discussion of potential business models. I also blame hand waiving making claims of "economies of scale" without explicitly identifying opportunities for economies of scale.

@patraprateek Год назад

Thanks!

@PeterChaoDaBomb Год назад

Love your content Richard! Do you think you could get Dr.Mark Meldrum on for one of these episodes??

@muffemod Год назад

pricing reflects all available information (to include valuation).

@smvinay1206 Год назад

Wow.... repressed actor... this is one of the best videos... really loved it...

@sarchmaster5779 Год назад

Finance content without doomporn, what is this? I enjoyed the interview immensely, thank you for sharing it with us.

@GT-tj1qg Год назад

Bro I clicked for doomporn. Disappointed now

@JoshDillon Год назад

Love that audio visualizer used when the Dr. was taking. What software did you use to get that effect?

@ryandunn9812 Год назад

Great interview but I wish Dr. Damodaran would have turned his camera on.

@hiphophead8053 Год назад

Now we're talking 😎

@lindleycoetzee8964 Год назад

Thanks for the interview. Think you should consider to look at Cardano. Lots more transactions and utilization. Also including voting, decentralized identity and gaming.