Session 1 (Val MBAs): Valuation - Broad Themes and Logistical Details

Aswath Damodaran
Aswath Damodaran
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Published 2024-01-29
In this, the first session of the valuation class, I told you that that this was a class about valuation in all of its many forms – different approaches (intrinsic, relative & contingent claim), different forums (for acquisitions, value enhancement, investing) and across different types of businesses (private & public, small and large, developed & emerging market). I also laid out the broad themes in the class - that valuation is a craft (that requires constant work), that valuing something can yield a different number from pricing that same thing, that a good valuation is a bridge between stories and numbers and finally, that acting on a valuation requires faith.
Start of the class test: pages.stern.nyu.edu/~adamodar/pdfiles/eqnotes/test…
Syllabus: pages.stern.nyu.edu/~adamodar/pdfiles/eqnotes/eqsy…
Post class test: pages.stern.nyu.edu/~adamodar/pdfiles/eqnotes/post…
Post class test solution: pages.stern.nyu.edu/~adamodar/pdfiles/eqnotes/post…
All Comments (15)
  • @ShiningSona23
    Just grateful to this Man for providing this amazing content for free!!
  • @fly3436
    Thank you for this knowledge I will be studying more your videos💪💪
  • @randomlee3590
    Best teacher i ever found ... ❤❤❤❤❤❤❤
  • @sid0637
    I''ll come here again after the last class
  • @TheSpear21
    Does anyone have a link to the spreadsheet mentioned at 45:30? I’d love to see his valuations
  • @samsungm31m31
    Sir, unable to download lecture notes from your website. Please let me know the alternative for the same
  • @apexmemator7239
    Where is the spreadsheet he says he will provide so we don't have to be excel ninjas creating spreadsheets before doing the main task of valuation itself!
  • @anshika7758
    Meet the Professor 00:28 The Birth of Market Crisis Thinking 08:36 The Impact of Bank Behavior on Systemic Risk 16:47 Valuing Companies in the Midst of a Crisis 23:39 Characterizing Valuation 30:32 Advantages of Numbers vs. Story People 37:34 The Dirty Work 44:38 Revenge on Hedge Funds 51:28 Tesla's Story and Business Model 58:20 Importance of Faith in Valuation 1:04:57 Control and Synergy 1:11:35 Interesting Valuation Developments 1:18:02
  • @ptx88
    I find it deeply insensitive to make jokes on earthquakes in Turkey. While your comment about construction foundations may be accurate, the loss of lives and the devastation are not laughing matters.