Absolute gold! Found this podcast with low expectation but this conversation was amazing. Mr. Damodaran has very real market wisdom. He teaches how to think rather than to get lost in the minutiae of tactical details.
AI stocks will dominate 2024. Why I prefer NVIDIA is that they are better placed to maintain long term growth potential, and provide a platform for other AI companies. I know someone who has made more than 200% from NVIDIA. I'll also take any other recommendations you make.
I think the next big thing will be A.I. For enduring growth akin to META, it's vital to avoid impulsive decisions driven by short-term fluctuations. Prioritize patience and a long-term perspective consider financial advisory for informed buying and selling decisions.
I've owned NVDA for over 8 years. It's been up and down, but I believe in Jensen Huang and will stick with NVDA until Jensen says otherwise. I know that sounds crazy, but when the financial statements/Jensen, (same to me) tell me to sell, I will. I'm sure I won't sell at the top, but that's OK.
Kept $105k in CIT Bank HYSA at 5.05% but i now plan to invest in the stock market. What are your thoughts on that? What stocks should I look out for as a newbie to safely grow my money?
Some feedback for the interviewer, there was no need to interrupt the professor while he was giving a response.. don’t try to fit everyone into your version of reality
It is a valid argument. However without some finance professors at least, would the billionaires be billionaires considering most of the wealth is nowadays in market cap which is determined by metrices that are codified in part by finance professors and the regulator?
He seemed pretty adversarial the whole conversation. Like even the first question the interviewer couldn't get out before he went on a bit of a tirade. Interesting points though.
Aswath is also not asking the right questions. If a company spends $500m on AI and it saves them $1B, that is value accretive. AI is FAR more than computing and data. It requires an interplay of two that is extremely difficult to build. He’s being as lazily “bearish” as he claims at the outset not to be. Palantir has already proven an ability to do this or it would not be exploding. This is his MO: he sounds very smart-like most bears-by constantly being skeptical where others are optimistic. It’s not very nuanced, and he’s not saying anything about where we’re going. If you listen to him you’d think the economy is pretty much what it was twenty years ago. The question isn’t whether it will drive the economy as much as increasing productivity. Anyone who doesn’t see that is a fool. AI will be nothing like the internet outside cherry picking parallels. This is the biggest technological revolution to hit humankind. Period. If you don’t think so you don’t understand AI. Thinking it’s a buzzword is ignorant. In that same vein he’s not even seeing Nvidia’s push into software-which is where the money is for AI. Nvidia knows that. Palantir knows that. Building the algorithms is the market of the future. The ability to turn AI into ROI and efficiency and resources and productivity-that’s the AI market. Thinking that won’t be $3-$4T is laughable.
What's your argument? That Nvidia will become a dominant player in the AI Software market? He addresses this very point when he says that Nvidia's current valuation bakes in the expectation that it will conquer another market beyond the chip market. This is purely speculative investing and unlikely to end well. Also, when you talk about Nvidia's customers spending you're missing that the trajectory of the spend and the saving looks very different, as the infrastructure spend is pulled-forward. Maybe you should have an open mind and try to understand Aswath's points. Otherwise, have fun when the valuations come back to earth.
Agreed. Frankly, given he's an NVDA shareholder, his pessimism on NVDA is odd. When NVDA hit 90 a few weeks ago, it was trading at 25x 2025 earnings, discounting Jesse's sandbag guidance. Im sorry but that is cheap. NVDA is not "priced for perfection" , it's undervalued by anyone who has properly studied it. If you want to hear some talk about AI properly, check out Eric Schmit, Google;s ex CEO.
It's more so that the implication of future potential being pulled forward into today's valuations I'm also not very convinced the impact of AI will have much more of a significant effect beyond the advent of the PC or the Internet
@@revl6151 What you’re saying makes little sense. The advent of the PC and internet were absolutely massive game changers. So if AI is on par with either, the market is vastly underestimating their impact.
![[LIVE] : ONE ลุมพินี 88 | คู่เอก "ป้อมเพชร vs อัสลามจอน"](http://i.ytimg.com/vi/1ZqTVVbMgbo/mqdefault.jpg)
Absolute gold! Found this podcast with low expectation but this conversation was amazing. Mr. Damodaran has very real market wisdom. He teaches how to think rather than to get lost in the minutiae of tactical details.
I love listening to Aswath. Such incredible insight.
I'm surprised this channel doesn't have 100k's or a million subs... such an undervalued channel, thank you for all that you bring to us
A truly fantastic discussion. The best interview with Aswath that I've come across. Well done guys.
One of your best episodes to date
Excellent. One of the most thought provoking discussions I have heard in a long time
Amazing conversation. I was glued to the podcast the whole time. Thanks for this
This conversation is Gold! Pls create more. Thank you both!
AI stocks will dominate 2024. Why I prefer NVIDIA is that they are better placed to maintain long term growth potential, and provide a platform for other AI companies. I know someone who has made more than 200% from NVIDIA. I'll also take any other recommendations you make.
I think the next big thing will be A.I. For enduring growth akin to META, it's vital to avoid impulsive decisions driven by short-term fluctuations. Prioritize patience and a long-term perspective consider financial advisory for informed buying and selling decisions.
Ai is a bubble it has to burst. and byproduct of optimism.
Aswin Damodharan at current price sitting with CAGR of 75% (Bought at 2.70 dollars per share , holding for 7 years, current price 120 dollars)
Tons of common sense gold nuggets in this conversation. Loved it!
One of my favorites
Super as always....
I've owned NVDA for over 8 years. It's been up and down, but I believe in Jensen Huang and will stick with NVDA until Jensen says otherwise. I know that sounds crazy, but when the financial statements/Jensen, (same to me) tell me to sell, I will. I'm sure I won't sell at the top, but that's OK.
Kept $105k in CIT Bank HYSA at 5.05% but i now plan to invest in the stock market. What are your thoughts on that? What stocks should I look out for as a newbie to safely grow my money?
Great insight
Some feedback for the interviewer, there was no need to interrupt the professor while he was giving a response.. don’t try to fit everyone into your version of reality
this is gold
Guys Pin this interview on your channel. This one is a 💎
“Read less, think more”
Aswath is out for lunch, what kind of value investors are shorting companies?
🙏😊👍
Aswath an insightful genius...Alan a fool asking mundane irrelevant expectational questions
How many finance professors have billionaires?
How do you have a billionaire?
It is a valid argument. However without some finance professors at least, would the billionaires be billionaires considering most of the wealth is nowadays in market cap which is determined by metrices that are codified in part by finance professors and the regulator?
“ If all you do is mechanical stuff, a bot will do it much better than you can “
And at the right price, you should be willing to sell that stock!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
He seemed pretty adversarial the whole conversation. Like even the first question the interviewer couldn't get out before he went on a bit of a tirade. Interesting points though.
Why was Aswath so irritated?
Aswath is also not asking the right questions. If a company spends $500m on AI and it saves them $1B, that is value accretive. AI is FAR more than computing and data. It requires an interplay of two that is extremely difficult to build.
He’s being as lazily “bearish” as he claims at the outset not to be. Palantir has already proven an ability to do this or it would not be exploding. This is his MO: he sounds very smart-like most bears-by constantly being skeptical where others are optimistic. It’s not very nuanced, and he’s not saying anything about where we’re going. If you listen to him you’d think the economy is pretty much what it was twenty years ago.
The question isn’t whether it will drive the economy as much as increasing productivity. Anyone who doesn’t see that is a fool.
AI will be nothing like the internet outside cherry picking parallels. This is the biggest technological revolution to hit humankind. Period. If you don’t think so you don’t understand AI. Thinking it’s a buzzword is ignorant.
In that same vein he’s not even seeing Nvidia’s push into software-which is where the money is for AI. Nvidia knows that. Palantir knows that. Building the algorithms is the market of the future. The ability to turn AI into ROI and efficiency and resources and productivity-that’s the AI market. Thinking that won’t be $3-$4T is laughable.
What's your argument? That Nvidia will become a dominant player in the AI Software market? He addresses this very point when he says that Nvidia's current valuation bakes in the expectation that it will conquer another market beyond the chip market. This is purely speculative investing and unlikely to end well.
Also, when you talk about Nvidia's customers spending you're missing that the trajectory of the spend and the saving looks very different, as the infrastructure spend is pulled-forward.
Maybe you should have an open mind and try to understand Aswath's points. Otherwise, have fun when the valuations come back to earth.
Agreed. Frankly, given he's an NVDA shareholder, his pessimism on NVDA is odd.
When NVDA hit 90 a few weeks ago, it was trading at 25x 2025 earnings, discounting Jesse's sandbag guidance. Im sorry but that is cheap. NVDA is not "priced for perfection" , it's undervalued by anyone who has properly studied it.
If you want to hear some talk about AI properly, check out Eric Schmit, Google;s ex CEO.
It's more so that the implication of future potential being pulled forward into today's valuations
I'm also not very convinced the impact of AI will have much more of a significant effect beyond the advent of the PC or the Internet
@@revl6151 What you’re saying makes little sense. The advent of the PC and internet were absolutely massive game changers. So if AI is on par with either, the market is vastly underestimating their impact.
Far too much talk about AI and not enough about super accelerated computing with chips that are 10,000x faster on everyone’s desk.
do a podcast then