Aswath Damodaran

In this first‑week‑of‑2026 “Data Update 1,” long‑time number‑cruncher and data‑service creator walks listeners through the rapid evolution of his data sets—from a handful in the early 1990s to more than 200 today—while dissecting the dual nature of data as both a catalyst for insight (signal‑in‑noise, uncertainty management, perspective‑building, and a shield against misinformation) and a source of pitfalls (false precision, bias, sampling errors, and over‑reliance on black‑box outputs). He then outlines the scope of his free, globally‑aggregated database (48,156 public firms across six regional groups and 95 industry categories), explains the definitions, consistency, and transparency standards he applies, and offers practical advice on evaluating provenance, avoiding bias, cross‑checking sources, and treating his data as a starting point rather than a definitive answer.

In this video, the speaker introduces the third edition of his book on investment philosophies, sharing insights gained from over 40 years of teaching at NYU Stern. He emphasizes that success in investing comes from understanding various philosophies and finding the one that aligns with an individual's unique traits and psychological makeup.

In this video, we explore the implications of sky-high market capitalizations, particularly focusing on Nvidia's recent achievement of a $5 trillion valuation. The discussion examines the contrasting perspectives of value investors and AI proponents while providing a framework for assessing whether such valuations are supported by realistic revenue projections or are merely a "fairy tale."

In this video, the speaker explores the remarkable surge in gold prices during 2025, questioning whether this increase is a reflection of macroeconomic risks or mere pricing noise. By analyzing gold's historical context, underlying demand factors, and its role in investment portfolios, the discussion aims to clarify whether gold is overpriced or a valuable asset for investors today.

In this video, the speaker discusses Jerome Powell's remarks on the stock market's valuation, suggesting that while stocks appear "fairly highly valued," that doesn't necessarily warrant immediate action from investors. He explores various metrics for assessing whether stocks are overpriced compared to historical standards, while sharing insights from his personal experience and recent market performance trends.

In this video, the speaker recounts recent experiences with scams using their name on social media, particularly on Instagram and in fake investment schemes claiming unrealistic returns. They discuss the emotional impact of these scams, analyze how AI is being leveraged in this context, and offer valuable insights and strategies to protect viewers from falling victim to similar fraudulent activities in the future.

In this insightful video, the speaker delves into the complexities of country risk as we approach 2025, dissecting its components such as political systems, exposure to violence, corruption, and legal rights, to help viewers understand how these factors influence equity risk premiums. The discussion also emphasizes the importance of appropriately applying these premiums in corporate valuation, warning against treating them as mere numbers without understanding the underlying assumptions and choices involved.

In this video, the speaker explores the relationship between corporate cash holdings and Bitcoin investments, arguing that while some companies might benefit from allocating cash to Bitcoin, most should not due to risks and governance concerns. The session emphasizes the fluctuating nature of Bitcoin and the different financial motivations behind holding cash, ultimately cautioning against its adoption as a standard corporate investment strategy.

In this video, we explore the evolving landscape of alternative investing, examining its potential benefits and shortcomings compared to traditional investment strategies focusing on stocks and bonds. Through a critical analysis of performance, risks, and fees, the discussion emphasizes the importance of being selective and cautious when incorporating alternative assets into investment portfolios.

In this video, we explore the implications of Moody's decision to downgrade the US credit rating from AAA to AA+ on May 16, 2025, marking a significant moment in financial history. The discussion delves into the reasons behind the downgrade, the potential economic consequences, and how this shift might influence risk assessments and market perceptions of the US's financial credibility.

In "Session 28: The Fat Lady is Singing!", the instructor emphasizes the importance of accurately valuing companies through intrinsic valuation, pricing, and contending with risk factors while analyzing students' project submissions. The session also explores concepts such as the value of control in management changes and their implications for company valuations in varying market structures.

In this closing session, the speaker reflects on the valuation process learned throughout the course, emphasizing the importance of intrinsic valuation and the role of control in corporate governance. They discuss how management changes and market perceptions can significantly impact a company's value, alongside practical insights from class presentations of their peers' projects.

In this session, the instructor reflects on the complexities and uncertainties faced by students while working on their projects, emphasizing the ever-changing nature of the real-world business environment. The discussion covers the importance of adaptability in analysis, stakeholder relationships, and the dynamics between managers and shareholders as they conclude the semester's coursework.

In this video, the host reviews the tumultuous month of April 2025 in the financial markets, highlighting the dramatic swings caused primarily by tariff announcements and their unexpected impact on global equities. Despite a catastrophic start leading to significant losses, the markets rebounded by the month's end, illustrating the unpredictable nature of market dynamics and resilience amidst volatility.

In this session, we conclude our discussions on acquisitions and focus on strategies for enhancing company value. Key topics include the importance of accurate financial reporting, understanding the implications of mergers and acquisitions on company value, and the often misleading nature of pricing strategies in M&A transactions.

In this session, the instructor delves into acquisition strategy, emphasizing the importance of understanding the distinction between value and price in M&A. Key topics include the impact of various financial decisions on business valuation, the significance of synergy in acquisitions, and practical strategies for enhancing a company's value.