The Value of Stories in Business | Aswath Damodaran | Talks at Google

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  • เผยแพร่เมื่อ 30 ต.ค. 2024

ความคิดเห็น • 272

  • @saurebh8109
    @saurebh8109 4 ปีที่แล้ว +360

    *This man is Underappreciated.*

  • @presley492
    @presley492 ปีที่แล้ว +991

    The most important thing that should be on everyone mind currently should be to invest in different sources of income that doesn't depend on the government. Especially with the current economic crisis around the word. This is still a good time to invest in various stocks, Gold, silver and digital currencies.

    • @candideharrison5568
      @candideharrison5568 ปีที่แล้ว

      That's so true. but if i may ask, do you trade all by yourself?

    • @presley492
      @presley492 ปีที่แล้ว

      I have been investing in stocks for over 10 years now and I have made a lot of money. My portfolio has grown exponentially and I can't thank stocks & TERESA JENSEN WHITE enough for such an amazing way to make money!

    • @susannabruemmer3683
      @susannabruemmer3683 ปีที่แล้ว

      Is she on youtube, please how do I find her?

    • @presley492
      @presley492 ปีที่แล้ว

      *TERESA JENSEN WHITE,* that's her official page name you can do a web search to get in touch with her

    • @susannabruemmer3683
      @susannabruemmer3683 ปีที่แล้ว

      Wow! I just looked up this person out of curiosity and I'm super impressed with her qualifications. Thanks for sharing.

  • @euming
    @euming 3 ปีที่แล้ว +109

    Damodaran is a brilliant eloquent speaker. This talk was a joy to watch. It was like watching a stand-up comedy show plus a gripping documentary all at the same time!

  • @aks957
    @aks957 4 ปีที่แล้ว +106

    Great Prof. Great content. What is most impressive is with hardly any audience ( almost empty) a World Renowned Prof has the same passion and energy as if it were his MBA class at Stern with 300 students.

    • @LNJP13579
      @LNJP13579 ปีที่แล้ว

      I made a similar comment on the other google talk by him :)

  • @Milindriify
    @Milindriify 7 ปีที่แล้ว +80

    I wish a teacher like YOU. I can feel your Investing's passion. Thanks you for all the knowledge you share for free! Nobel Prize!!!

  • @BMJC99
    @BMJC99 4 ปีที่แล้ว +28

    His lecture is so interesting that I have to make sure I understand every word, so I searched Bambi's mothers death, now i regret it

  • @InStevenWeTrust
    @InStevenWeTrust 3 ปีที่แล้ว +4

    Can't believe I am just discovering this guy now. He is wonderful and kept me engaged right at the start.

  • @paolobernardi6835
    @paolobernardi6835 7 หลายเดือนก่อน

    As someone who has picked businesses apart for 30 years and still tries to understand and value them, I find his lectures absolutely great. I don’t always agree with everything he says. But the point is to always read and listen critically to everything. And change your mind if facts tell you that you are not right. He is a true teacher. 👏

  • @JR-ly6bx
    @JR-ly6bx 7 ปีที่แล้ว +82

    love his passion for valuation and his profession, with his accomplishments and his name he should be a managing director of some PE or VC firms collecting millions

    • @Amoney1827
      @Amoney1827 7 ปีที่แล้ว +25

      You are out of your mind if you think he doesn't make millions already

    • @notebookled
      @notebookled 4 ปีที่แล้ว +2

      I think he would be a very bad investor and he also said that about himself. Pricing is not valuation, he mentioned that in his last google talk and he's absolutely right.

    • @Trenacetate43
      @Trenacetate43 4 ปีที่แล้ว +2

      @@Amoney1827 How you know if he already made millions? not every academics is going to be a good professional, a lot of good professors fail miserably in professional world, most of those that can succeed don't even care about money. Professors make around 150-400 k a year, not more than that. Last time I checked his linkedin, he never worked for the finance industry. He started teaching at NYU after he got his PhD and had been doing that ever since.

    • @FinanceAcademy7799
      @FinanceAcademy7799 4 ปีที่แล้ว +9

      He is a billionaire. We just need to wait for the market to correct itself.

    • @wnuoyi1118
      @wnuoyi1118 4 ปีที่แล้ว +2

      You don’t have the right to say what this amazing guru “should” be doing. Who do you think you are? I think you should widen your vision

  • @24Elliottwaves
    @24Elliottwaves 4 ปีที่แล้ว +13

    Yes, the story and numbers must be combined in a timely fashion to profit in the financial markets.
    I am glad that @Aswath is banging on it throughout this amazing tutorial. The funny thing is
    that people often spend like ten minutes to watch a valuable free tutorial like this one instead
    of watching it in full.

    • @pasticcinideliziosi1259
      @pasticcinideliziosi1259 2 ปีที่แล้ว

      you can see that like 9/10 of people just skipped to the parts where it spoke about specific companies, and only 1/10 watched it in full. So sad that all these people are losing such an opportunity to learn these things

  • @ankitkalavagunta8951
    @ankitkalavagunta8951 5 ปีที่แล้ว +18

    The best talk on investing ever! Loved his sense of humor and his passion for the field is incredibly contagious.

    • @elainajohn8654
      @elainajohn8654 4 ปีที่แล้ว

      love his passion for valuation and his profession, with his accomplishments and his name he should be a managing director of some PE or VC firms collecting millions

  • @MihirrPanchaal
    @MihirrPanchaal 7 ปีที่แล้ว +17

    Of course I loved your talk about valuation, but the thing that will stay with me is your message about faith in your own convictions.

  • @dinanyandoro5795
    @dinanyandoro5795 3 ปีที่แล้ว +13

    Great storyteller and that comes through in his presentation. Stories shape us because they inform us of the value of things within us and around us. Admirable teacher and something to aspire to in myself : the art of story telling

  • @NihalRanjan
    @NihalRanjan 3 ปีที่แล้ว +5

    Professor Damodharan dissect valuation in terms that can be understood by anyone. Thanks for enlightening world and me

  • @jorgipogi
    @jorgipogi 7 ปีที่แล้ว +10

    He saw the light. I remember watching his podcast and it was all about numbers and no context. Now, he is there.

  • @djepifanio8901
    @djepifanio8901 3 ปีที่แล้ว +5

    Hi Mr. Damodaran. As Brazilian and also passionate about valuation, let me congrats you on the brilliant lecture. I hope you come to Brazil soon to share your thoughts with us.

  • @jonweber8778
    @jonweber8778 ปีที่แล้ว

    Remarkable....as smart as this professor is, distills and validates the requirement of imagination, fun, satire etc.., to leverage the mortar in the brick....be great if all managers would take a page from his unique perspective....a number is an endpoint, the inputs are the dark energy yet so much "coaching" at management/leadership levels centers on the sophomoric fossilization of the end....wow...has changed my education path relative to how I think, speakers I am gravitated towards....awesome

  • @AIwithOksana
    @AIwithOksana 3 ปีที่แล้ว +13

    This is the best valuation explanation I’ve ever heard

  • @Being_Unidirectional
    @Being_Unidirectional 2 ปีที่แล้ว

    This man is a gem... He made me watch such a boring unheard subject for the while 1.5 hour with such zeal & enthusiasm to teach

  • @C_R_O_M________
    @C_R_O_M________ 5 ปีที่แล้ว +6

    The lesson with Valeant is that immorality ALWAYS ends up bankrupt (and that’s where I fundamentally disagree with the professor - and I agree with Buffet when he said “looking for people to hire, you look for three qualities: integrity, intelligence, and energy. And if you don’t have the first, the other two will kill you.” This goes for investing and management/owners. Therefore primarily look for descent/driven people to invest into. A way to know this is to look back at conference call transcripts and see whether these people have actually did what they said they will do or do they always find excuses to cover their mistakes/inadequacy or even deceit.

  • @TheNavinsamuel
    @TheNavinsamuel ปีที่แล้ว

    One of the most amazing lectures given at Google, among the many. Prof Aswath is simply brilliant!

  • @sundaradiseshan7277
    @sundaradiseshan7277 3 ปีที่แล้ว +2

    Ashwath has added substance to the world of Valuation by making it Number Crunching with Narrative support.

  • @CJinsoo
    @CJinsoo 3 ปีที่แล้ว +1

    what an insightful and apparently transparent and kind teacher and investor. his thoughtfulness and insights are hard to match.

  • @dheerajmaske1194
    @dheerajmaske1194 3 ปีที่แล้ว +2

    you have became a good story teller from number cruncher that's how you have given the speech.

  • @alexi2460
    @alexi2460 3 ปีที่แล้ว +7

    He's brilliant and fun, what else can one ask for

  • @LNJP13579
    @LNJP13579 ปีที่แล้ว

    His sense of humor is great as well. One does not feel a generational gap while hearing to him.

  • @MrPranab2011
    @MrPranab2011 2 ปีที่แล้ว +1

    I am glued thru the whole video.. Thankz a lot for video.. This art is missing in corporate guys and in universities.. They have more mechanical approach, doesn't cover the underlying

  • @prateeksaini4812
    @prateeksaini4812 ปีที่แล้ว

    I love the energy and the examples used by the prof. We grew up using your books and now learning from you on youtube channel is a blessing. Thanks for sharing this information.

  • @thevoxdeus
    @thevoxdeus 6 ปีที่แล้ว +4

    GREAT talk. This gave me more new information and ideas to consider than 10 talks on value investing would have.

  • @tigrtran
    @tigrtran หลายเดือนก่อน

    So much value delivered in this video. What an amazing speaker!

  • @arunsreenivasan4746
    @arunsreenivasan4746 2 ปีที่แล้ว +3

    It is just amazing the way he distinguishes a good business and bad business. 🙏

  • @osamaa.h.altameemi5592
    @osamaa.h.altameemi5592 4 ปีที่แล้ว +6

    This is pure gold.

  • @codyzanderson
    @codyzanderson 5 ปีที่แล้ว +43

    "valuation is the bridge between stories and numbers"

    • @shankerpai5052
      @shankerpai5052 3 ปีที่แล้ว +1

      What happens if you break a bridge or story or numbers ? Destruction ..construction

  • @paradevparadev5371
    @paradevparadev5371 2 ปีที่แล้ว +1

    He is great teacher, i was seeing all his videos, wonderful free knowledge

  • @parthadlakha1641
    @parthadlakha1641 3 ปีที่แล้ว +1

    moderator did a good job as well
    and what to say about damodaran, just a legend

  • @普朗克的司机
    @普朗克的司机 3 ปีที่แล้ว +1

    Pixar book, 1. Creativity Inc, 2. To Pixar and beyond, 3. Pixar Storytelling, rules for effective... I guess it is the third one? I have one that's worth reading 《STORY: Substance, Structure, Style, and the Principles of Screenwriting》

  • @F10-s9k
    @F10-s9k 3 ปีที่แล้ว

    Great Talk! That being said, 36:00 But the 29 year old kid from your class in 2015 who picked NFLX is spot on with the price projection for 2025 is going to be from $120 to $500. His share price projection target reached in less than 5 Years, EOY 2020 was $543.00. It was an IMPOSSIBLE then but now it is PROBABLE.
    Video streaming giant Netflix had a total net income of over 2.76 billion U.S. dollars in 2020, whilst the company's annual revenue reached 25 billion U.S. dollars.

  • @tcharles8172
    @tcharles8172 3 ปีที่แล้ว +2

    I enjoyed your presentation! Thank you for sharing passion. You are an inspiration!!!

  • @roberts7608
    @roberts7608 ปีที่แล้ว

    This is one of the video i would like to watch it again and again

  • @oah8465
    @oah8465 4 ปีที่แล้ว +2

    Apart from the awesome valuation talk, the Gale-Shapley algorithm (mother of all match-making) still rules. Again, fantastic talk professor.

  • @brianfollendorf168
    @brianfollendorf168 3 ปีที่แล้ว +9

    This was amazingly informative and I loved every second of this. Thank you!

  • @amilrahman
    @amilrahman 3 ปีที่แล้ว +1

    Every word is gold standard !!!!!!

  • @davidlebese644
    @davidlebese644 ปีที่แล้ว

    The passion is on the other level. Wow!

  • @vkmohanan1597
    @vkmohanan1597 ปีที่แล้ว

    The VolksWagon Car symbol (vw) is ideal for Prof.Damodaran as "Valuationguru of the World"!

  • @shankerpai5052
    @shankerpai5052 2 ปีที่แล้ว +1

    " Know ...you never know ..( accounting is comfortable ) There is no confirmation mechanism in valuation . " prof aswath damodaran

  • @erwinargoismanto8348
    @erwinargoismanto8348 3 ปีที่แล้ว +1

    He is a wise teacher for sure in investment world

  • @Being_Unidirectional
    @Being_Unidirectional 2 ปีที่แล้ว

    Few days into him & such priceless insights.... Surely TIME is limited bt Life is not... Should explore bfor anyway get old n RIP😶‍🌫

  • @brendansmith7842
    @brendansmith7842 4 ปีที่แล้ว +3

    35:45 well, netflix is $512 now. Not 600b revenue , but 20b. I guess we could say netflix is very overvalued? So the share price wasnt impossible... but the valuation seems to be way out of whack, they also have 200m subscribers ,not 6b.

  • @quant-trader-010
    @quant-trader-010 ปีที่แล้ว +1

    This is gold!

  • @jimmyfortef3674
    @jimmyfortef3674 6 ปีที่แล้ว +11

    Great lecture, would love to be in his class

  • @sadanandsahasrabuddhe1946
    @sadanandsahasrabuddhe1946 3 ปีที่แล้ว

    1:22 faith .. active investor on death bed at the age of 85 making less than ETF and still OK as he enjoyed the journey of active investment... aswath is osho of finance .. he is talking about flow ...

  • @ramyasri6093
    @ramyasri6093 3 ปีที่แล้ว +1

    Wonderful talk... And too much knowledge

  • @paradevparadev5371
    @paradevparadev5371 2 ปีที่แล้ว +1

    Pranaam guruji

  • @rms4621
    @rms4621 3 ปีที่แล้ว +1

    Wow so much valuable info thanks google!!

  • @ItzGanked
    @ItzGanked 6 ปีที่แล้ว

    Great content from Damodaran par usual, I know valuing and pricing are different, but look at NFLX now I think it is overvalued, but modeling these things is so difficult. Maybe this discipline will find more value in more difficult times, people are ignorant in late cycle booms. Time to put blinders on and make money

  • @Jay.05
    @Jay.05 3 ปีที่แล้ว +2

    Funnier than stand up and informative too !!

  • @MihirrPanchaal
    @MihirrPanchaal 7 ปีที่แล้ว +3

    Venerable Mr. Damodaran. Thank you for this talk.

  • @mohammadsaeed3494
    @mohammadsaeed3494 ปีที่แล้ว

    Very informative & interesting.Thanks !

  • @deepakchapagain1360
    @deepakchapagain1360 3 ปีที่แล้ว +1

    Excellent talk for valuation.

  • @beautydoctorcardiff
    @beautydoctorcardiff 5 ปีที่แล้ว +8

    Amazing, love every minute thanks for the share

  • @nikhilkalasala9128
    @nikhilkalasala9128 7 ปีที่แล้ว +2

    Damodaran..... Valued like a pro

  • @wm6549
    @wm6549 7 ปีที่แล้ว +11

    Great talk. I especially liked the Q&A session at the end.

  • @shankerpai5052
    @shankerpai5052 2 ปีที่แล้ว +1

    "It's got to come from within " prof aswath damidaran

  • @sadanandsahasrabuddhe1946
    @sadanandsahasrabuddhe1946 3 ปีที่แล้ว +1

    1:16 .... Automated invesemt.. start with 5% and never exceed 10% of total portfolio value ... Diversification with automated limit sells ... Awesome

    • @PriankaEvangelineSLP
      @PriankaEvangelineSLP 3 ปีที่แล้ว

      Hi I didn't understand the percentage thing. Does he mean the portion from his portfolio? I'm new to investing. Can u please explain?

  • @JapaneseStockInvestor
    @JapaneseStockInvestor 7 ปีที่แล้ว +1

    Thanks Aswath Damodaran.
    You are great.

  • @ModusTraveller
    @ModusTraveller 2 ปีที่แล้ว

    One of most valuable videos about investing :) Thank you :)

  • @GeraBizuneh
    @GeraBizuneh 3 ปีที่แล้ว +1

    Captivating !!!

  • @jacksonkamungu5387
    @jacksonkamungu5387 3 ปีที่แล้ว +1

    Thank you.

  • @Mztbtc
    @Mztbtc 4 ปีที่แล้ว +1

    So glad this is available

  • @jimboford9504
    @jimboford9504 3 ปีที่แล้ว +1

    Very important talk!

  • @masisoganesyan9048
    @masisoganesyan9048 8 หลายเดือนก่อน

    Amazing professor

  • @yusufsamad9764
    @yusufsamad9764 4 ปีที่แล้ว +1

    Fantastic video with some very deep stuff on why investing is fun

  • @srimaldemel4381
    @srimaldemel4381 2 ปีที่แล้ว

    We who look for certainty found the reality of uncertainty in valuations and resultant prices

  • @Er.Sunil.Pedgaonkar
    @Er.Sunil.Pedgaonkar ปีที่แล้ว

    Valuation of physical assets should be done only by Registered Engineer-cum-Valuer of concerned discipline -market value matters, depreciation taken into account alongwith market characteristics & environment.This is required while buying, selling, liquidation, bankruptcy,tender floating & alloting,auction,court suits,court orders. Also valuation of Co. must have seal& signature of CA/CPA. Others not allowed

  • @nickvoutsas5144
    @nickvoutsas5144 3 ปีที่แล้ว

    It’s so weird your predictions or Tesla’s stock market valuation sounds more true than the actual high stock that Tesla is priced at in 2021. Life is sometimes so unpredictable.

  • @sudhirnirvana
    @sudhirnirvana 2 ปีที่แล้ว

    Tight storytelling 🙌🏻 very much enjoyed the lecture

  • @l.s.754
    @l.s.754 5 ปีที่แล้ว

    Aswath is brilliant thinker.

  • @antyest
    @antyest 3 ปีที่แล้ว

    Essentially logic & emotion..
    Numbers & story

  • @infavorofdemocracy5770
    @infavorofdemocracy5770 4 ปีที่แล้ว +1

    So eloquent...

  • @gr8sparty
    @gr8sparty 3 ปีที่แล้ว

    It's funny how markets work.. I see this video today in 2020 and reach the point were Damodaran talks about a kid in his class valuing Netflix at 500$ per share, saying it's impossible because there are around 6.5 billion people in the world and everyone has to be a netflix subscriber to reach that valuation..
    I am unaware of the US markets, so I open google and see Netflix at 520$ after a pandemic stricken year.. I really don't know if some technical corporate action like dilution of shares would have taken the prices higher, but I know for sure that even the PhDs and the economists go wrong here... Maybe netflix's worth less and is all bubbled up now, but hey - that student would have sold his shares and made money now

  • @rakeshtanwar2954
    @rakeshtanwar2954 8 หลายเดือนก่อน

    Amazing.... ❤

  • @Hsinkuang
    @Hsinkuang 3 ปีที่แล้ว +1

    He is very true about luck !

  • @johnalmeida1483
    @johnalmeida1483 3 ปีที่แล้ว

    Some great nuggets...Looking at re-investment beyond capex

  • @susydyson1750
    @susydyson1750 2 ปีที่แล้ว

    Excellent Talk !

  • @Elliott_Wave
    @Elliott_Wave 2 ปีที่แล้ว +1

    Netflix reached $700

  • @alexoswaldoestradasteiger400
    @alexoswaldoestradasteiger400 3 ปีที่แล้ว +1

    I really enjoyed that talk

  • @antyest
    @antyest 3 ปีที่แล้ว

    Possible, plausible, probable - brilliant

  • @uncleswell
    @uncleswell 4 ปีที่แล้ว +31

    56:02 The audience is sitting COVID style 3 years in advance.

  • @DomAviationChannel
    @DomAviationChannel 6 ปีที่แล้ว +2

    Should be a must watch fof founders and start up teams :-)

    • @elainajohn8654
      @elainajohn8654 4 ปีที่แล้ว

      The best talk on investing ever! Loved his sense of humor and his passion for the field is incredibly contagious.

  • @amerc6912
    @amerc6912 5 ปีที่แล้ว +2

    Doesn’t Uber have a market cap of 70 Billion. I heard him say 6 Billion.

  • @debasishraychawdhuri
    @debasishraychawdhuri 6 ปีที่แล้ว

    There should be a love sign for videos.

  • @SynthD
    @SynthD ปีที่แล้ว

    I feel asleep watching clips from The Office. When I woke up, this video was playing. Weird.

  • @sonny12681
    @sonny12681 2 ปีที่แล้ว

    What I don't like is when you have a multi billion or trillion dollar company that has a very expensive share price and they NEVER pay out dividends to their investors.

  • @yashagar4443
    @yashagar4443 ปีที่แล้ว

    Awesome

  • @Philosific
    @Philosific 4 ปีที่แล้ว +1

    Im currently at 24:58. Thinking about this, his process so far doesn’t differ very much from the approach of Warren Buffett approach now

    • @vladpaul01
      @vladpaul01 4 ปีที่แล้ว

      you couldnt be further from the truth.....

  • @sogreatray
    @sogreatray 10 หลายเดือนก่อน

    They need better room for such great minds.

  • @JackCasablanca-painter
    @JackCasablanca-painter 3 ปีที่แล้ว

    I think story valuation is how to see a product the way the end buyer sees it. Apple and Nike may be the best at creating an image for their products that appeals to end buyers. While Nike and Puma are essentially the same shoe, buyers 'think' the Nike shoes is better. Michael Jordan uses them, Tiger woods uses them, the shoes are filmed beautiful and perform fabulously on the world's greatest sports stages. Apple does the same. It creates for the buyer an image this is the computer that hitory's greatest innovators would use. Plus the cinematography, brand packaging and hardware design looks far cooler, more modern than any PC or other brand's smartphone. The word is "aspirational." Apple and Nike make buyer "aspire" to be like the people who use these brands. Winners, geniuses and coolness. Intangible assets with immeasurable value. The very reason these two companies soar ahead of their competitors.

  • @shankerpai5052
    @shankerpai5052 2 ปีที่แล้ว

    " accounting definition is not going to capture ..." Prof aswath

  • @BMJC99
    @BMJC99 4 ปีที่แล้ว +7

    seems like Netflix's "price" is heading to fairy tale $600......

  • @hireshtrivedi9731
    @hireshtrivedi9731 3 ปีที่แล้ว

    So, ommpa-lumpa valuations, I guess only relying on setting aside money from revenue/capital wouldnt do so, should we factor in another round of investment, dilution of equity? etc I understand its highly speculative, but idk, may be we can avg the numbers in growth young companies in same sector