It's unbelievable that a top tier master of the subject is giving away all this knowledge for free (not just this video I mean. Everything on this channel). You just have to grab it and learn it. Dr damodaran, you are most definitely one of the rare gems of this generation distributing knowledge that will help even the coming generations. I dont know if you will ever read this comment but I have learnt a lot from you. Thankyou so much sir!
00:03 Post-2008, attention to the price of risk in mature equity markets has increased. 02:12 Differences in country risk across countries 06:40 Challenges of operating a business in violent environments 08:51 Corruption and property rights impact country risk. 13:17 Climate change impacts country risk through commodity dependence 15:26 Country risk is influenced by commodity dependence, life cycle stage, and climate change exposure. 19:35 Market-based alternative to sovereign ratings 21:26 PRS score measures country risk level. 25:14 Equity risk premiums are determined by ratings and PRS scores 27:01 Factors influencing hurdle rate calculation 30:43 Country risk affects enterprise value and EV/D ratio 32:35 Valuation of companies in different currencies affects discount rates and growth rates 36:15 Currency and company valuation should be kept separate for accurate assessment. Crafted by Merlin AI.
@@isabel1188 check the data update 2 video he uploaded 6 months back and also all the data update video for this year, they are extremely detailed. In addition, you can check type in aswath damodaran blog in google and in that he uploads all his valuation and the excel sheet he uses
What is outstanding about Aswath Damodaran is that he is a master of the theory but gives concrete examples to even the last little detail. Most academics and people in general gloss over the hard parts with words like "what not" and "whatever" (like mathematicians calling things "trivial") to give the impression that they are superior and evade thinking about the hard aspects at the same time
In the map of property rights I saw China in yellow. I did not realize that citizens in China had rights to property. I used to think that the government controls all the land, and the citizens are practically "leasing" it. If my property is built on the land owned by someone else, does it really give me full right to the property. Sure, I can sell the property and get the money back, but physical property is not really like stocks which is much more liquid. Shouldn't China be gray in this map? Of course, I understand that Aswath did not make this map, it's just a curious question about what was the metric behind making this map.
Depends on the markets the company operates in. If it's pure US play, then US risk premium. Try to understand the octopus part of the video to understand MNCs in US.
Violence in Russia most violent country in the world, ahaha. I am russian, can go anytime everywhere in the country. I and my friends and colleagues never heard shots in the street, have never been attacked, never someone asked me to buy drugs. I can imagine other countries that have bigger problems than us
On Page 13 of the paper attached in the video description, it mentions it is talking about internal + external violence. Businesses are exposed to external violence as well, it is kind of like an american company may be more vulnerable to business shutdown of its business in Russia in case of international conflict with Russia and vice versa. It does not only talk about the internal violence.
india is a country where only fools are going to invest. They are just selling Stories and will lose money in long term. Most of the companies there have huge huge gap in Earnings and Valuations Since 2020, there is a cult started in india for Equity SIPs bringing Crazy Liquidity pushing Nifty200 and most stocks at 52 week high every other day.
Please take a look at long term charts of major indices Sensex 30 or Nifty 50 before taking this Chinese bots' advice. Winnie Da Poopoo, you are nobody to talk about India while nationalizing Alibaba and rigging the economy numbers. Go back to calculating social rating for your citizens. Shoo.
It's unbelievable that a top tier master of the subject is giving away all this knowledge for free (not just this video I mean. Everything on this channel). You just have to grab it and learn it.
Dr damodaran, you are most definitely one of the rare gems of this generation distributing knowledge that will help even the coming generations. I dont know if you will ever read this comment but I have learnt a lot from you. Thankyou so much sir!
Simply Amazing!! Thank you for sharing!
00:03 Post-2008, attention to the price of risk in mature equity markets has increased.
02:12 Differences in country risk across countries
06:40 Challenges of operating a business in violent environments
08:51 Corruption and property rights impact country risk.
13:17 Climate change impacts country risk through commodity dependence
15:26 Country risk is influenced by commodity dependence, life cycle stage, and climate change exposure.
19:35 Market-based alternative to sovereign ratings
21:26 PRS score measures country risk level.
25:14 Equity risk premiums are determined by ratings and PRS scores
27:01 Factors influencing hurdle rate calculation
30:43 Country risk affects enterprise value and EV/D ratio
32:35 Valuation of companies in different currencies affects discount rates and growth rates
36:15 Currency and company valuation should be kept separate for accurate assessment.
Crafted by Merlin AI.
Many thanks, George !
W to Merlin AI
Mr. Damodaran you truly are one of the great minds of this era
This channel is gold 🥇🪙
eagerly waiting for your halfway update on US stock market professor. Your valuation was spot on for this year!
Same
@kumarapillay3122 where can we see what Professor Damodaran's valuation of the US stock market is? Thanks!
@@isabel1188 check the data update 2 video he uploaded 6 months back and also all the data update video for this year, they are extremely detailed. In addition, you can check type in aswath damodaran blog in google and in that he uploads all his valuation and the excel sheet he uses
I think this is the first time I really understood everything 😅 thank you so much for your videos ❤
Amazing! Thanks for your time and efforts. Valuable content.
Pure gold. Thank you Professor.
What is outstanding about Aswath Damodaran is that he is a master of the theory but gives concrete examples to even the last little detail. Most academics and people in general gloss over the hard parts with words like "what not" and "whatever" (like mathematicians calling things "trivial") to give the impression that they are superior and evade thinking about the hard aspects at the same time
Just watched your Bloomberg segment with Alix sent me here.
This is a smart guy 👌
Thank you
The GOAT. ♥
thank you 🤝
Amazing
It’s kind of like a morality risk premium.
Lage raho
No corruption in the US. We call it 'Lobbying'.
Hi, Is your books before 2002 are still useful. Should i read it. Thanks
In the map of property rights I saw China in yellow. I did not realize that citizens in China had rights to property. I used to think that the government controls all the land, and the citizens are practically "leasing" it. If my property is built on the land owned by someone else, does it really give me full right to the property. Sure, I can sell the property and get the money back, but physical property is not really like stocks which is much more liquid. Shouldn't China be gray in this map? Of course, I understand that Aswath did not make this map, it's just a curious question about what was the metric behind making this map.
That shirt is very distracting 🥲
As soon as he says he trusts The Economist for scoring political freedom, I tuned out.
Enlighten us please
Do a video on ola ipo share valuation
Professor, great insights - would appreciate if you could use the correct map of India.
Like he said, if you have any qualms with any data, take it up with the org not him. I suggest you mail the org to include J&K if you care.
Hi sir good evening
Mr. Damodaran, Pls use the correct map of India
Thanks 😊 guruji 😊
If one has an ADR in USD would you use the US risk premium or the risk premium of the home country? Anyone know?
Depends on the markets the company operates in. If it's pure US play, then US risk premium. Try to understand the octopus part of the video to understand MNCs in US.
Hey prof, what about Lehman swaps due on september 😂
It's all a joke none of this matters, it's only purely reflexivity...
Model is erroneous. If US has less country risk than China it is impossible
why everything dies ?
Kindly use the correct map of India
Can liquidity postpone the risk? How will impact the too much of liquidity ?
19:31
Violence in Russia most violent country in the world, ahaha.
I am russian, can go anytime everywhere in the country. I and my friends and colleagues never heard shots in the street, have never been attacked, never someone asked me to buy drugs. I can imagine other countries that have bigger problems than us
I think it's violence at an international level, including war and all.
On Page 13 of the paper attached in the video description, it mentions it is talking about internal + external violence. Businesses are exposed to external violence as well, it is kind of like an american company may be more vulnerable to business shutdown of its business in Russia in case of international conflict with Russia and vice versa. It does not only talk about the internal violence.
Exactly. Why would a slave consider a punch in the face from a master as violence?
you do realize you are at war and sanctioned by half the world right? and 300B foreign currency reserves seized
India is a big mess, good luck in investing there.
How so?
india is a country where only fools are going to invest. They are just selling Stories and will lose money in long term.
Most of the companies there have huge huge gap in Earnings and Valuations
Since 2020, there is a cult started in india for Equity SIPs bringing Crazy Liquidity pushing Nifty200 and most stocks at 52 week high every other day.
@@decconan4230Common sense?
Please take a look at long term charts of major indices Sensex 30 or Nifty 50 before taking this Chinese bots' advice.
Winnie Da Poopoo, you are nobody to talk about India while nationalizing Alibaba and rigging the economy numbers. Go back to calculating social rating for your citizens. Shoo.
itna dimag lagane ka kya fayeda?
You are an amazing teacher! Thank you so much for educating me; I'll absorb it like a sponge. 🧽