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40 Works 905 Membros 6 Críticas 1 Favorited

About the Author

Aswath Damodaran is Professor of Finance at New York University's Leonard N. Stern School of Business
Image credit: Copyright © Prof Aswath Damodaran. All rights reserved.

Obras por Aswath Damodaran

Applied Corporate Finance (1994) 53 exemplares
Investment Management (1998) — Editor — 13 exemplares
Damodaran On Valuation, 2Nd Ed (2008) 8 exemplares
Gestão Estratégica do Risco (2008) 5 exemplares
Finanza aziendale (2001) 3 exemplares
Mitos de Investimentos (2006) 2 exemplares
Valutazione delle aziende (2013) 1 exemplar

Etiquetado

Conhecimento Comum

Membros

Críticas

Clearly I'm not up to the level of this book; there's lots I still have to learn about this business and I do plan to revisit this book after I get a better hold on this subject.

Having said, I did learn quite a few things about valuation - intrinsic vs relative, being the main categories there are towards the valuation of a company. The author explanation about how banks, tech/pharma and manufacturing companies are all very different types of companies.

But after doing for some accounting practices (honestly, I didn't understand what those were), apparently, they're all on the same field and the value of any company rests on three ingredients: cash flows from existing assets, the expected growth in these cash flows, and the discount rate / uncertainty that reflects the risk in those cash flows.

The core of the book seemed to be about Discounted Cash Flow - again one of those things that I'd like a book that teaches DCF from the very basics.

Giving a 5-star since this book definitely taught me some things and I'm encouraged to learn more about it.
… (mais)
 
Assinalado
nmarun | Jun 2, 2023 |
Excellent merger of numbers and stories.

This is a great recap of how words and numbers make a compelling investment thesis. It provides a structure for both types of analysis.
 
Assinalado
rlxdoc | 1 outra crítica | Oct 30, 2022 |
Professor Damodaran basically holds that narrative and numbers are linked: The founder needs a story to justify his valuation, and the publicist needs numbers to validate her pitch. Quants will enjoy Damodaran's portfolio manager approach, judging from the sharp-pencil references to Tufte and Bayes in the margins of my borrowed copy. Still, communicators who can handle a bit of MBA-level analysis can learn a lot from his observations. A forecast can be imprecise yet accurate (reading this in 2020, I thought about Bill Gates warning of a once-in-a-century pathogen). A market can grow only so big, and one brand gets only a share of it. VCs and value investors have different outlooks on growth. Corporate news is better framed around assets rather than earnings (would accountants agree?). Often the economy's in charge, not the boardroom. Startups have more room for narrative than mature companies. Finally, CEOs should stick to their story and act accordingly to reach a satisfying conclusion.… (mais)
 
Assinalado
rynk | 1 outra crítica | Jul 11, 2021 |
The ultimate in the principles of Valuation of any asset.
 
Assinalado
jonsey17 | 1 outra crítica | Feb 15, 2010 |

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Estatísticas

Obras
40
Membros
905
Popularidade
#28,349
Avaliação
3.9
Críticas
6
ISBN
103
Línguas
10
Marcado como favorito
1

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