We also know, collectively, there is no consistency in alpha. My blog, Musings on Markets, was selected by the Times of London as one of the top ten stock market blogs in the world. Active investors like to tell how many bad things come out of passive investing, and there are arguments you can make about how terrible passive investing is, but the reality is that active investing needs to get its act together, and collectively starts thinking about what it brings to the table that is differentiated. He covers the entire corporate lifecycle, from “idea” and “nascent growth” companies to those in decline and distress, and offers specific guidance for valuing technology, human capital, commodity, and cyclical firms.Damodaran distills the fundamentals of valuation, without glossing over or ignoring key concepts, and develops models that you can easily understand and use. There will be a correction, some people will lose their money. This is not like the 2008 bubble. As a business, it’s shaken up the way that things are done, but is ultimately still an automobile business. We can dance around it however much we want. My classes are carried online and on iTunes U and were chosen as one of the top ten MOOCs in the world in 2012. He’s a visionary, he’s a genius, he’s an out of the box thinker, but he has no focus and discipline. Just a moment while we sign you in to your Goodreads account. Knowing that, think about how much money we spend counting and carrying goodwill. * Note: these are all the books on Goodreads for this author. So what you think about Tesla is very much a function of what you think about Elon Musk. And I’ll wager that most active investors would not take that wager.I have a background in financial/legal research at @SumZero, @StanfordLaw, and an NY-based family office. I have an active presence online, on Twitter (@AswathDamodaran) and with my website (http://www.damodaran.com). This is a technology bubble, so I’m not going to wag fingers and tell people not to invest in it. He introduces powerful financial tools for evaluating risk, and demonstrates how to draw on other disciplines to make these tools even more effective.ValueWalk.com is a highly regarded, non-partisan site – the website provides unique coverage on hedge funds, large asset managers, and value investing. share. I graduated with an MA from the University of Edinburgh in 2016.Opinions expressed by Forbes Contributors are their own.Professor Aswath Damodaran is a Professor of Finance at NYU's Stern School of BusinessTesla is not a company, it’s a reflection of Elon Musk. Professor Aswath Damodaran is currently a Professor of Finance at NYU's Stern School of Business. job as long as it’s been on the face of the earth, and now it’s catching up with them. We need to own our own investment philosophies. Damodaran has published several books on equity valuation and corporate finance. Aswath Damodaran has published four books on equity valuation (Not-so-profound thoughts about valuation, corporate finance and the news of the day!For more than a decade, Damodaran on Valuation has been the standard valuation reference for professionals in virtually every field. So I’ll give active investors their choice of alpha. Aswath Damodaran INVESTMENT VALUATION: SECOND EDITION Chapter 1: Introduction to Valuation 3 ... than its worth. The part of the story that I very obviously got wrong was the size of the market. Aswath Damodaran has 34 books on Goodreads with 3595 ratings.
You’re not buying a piece of all of Elon Musk, you’re buying a piece of Elon Musk’s Tesla story, and that is ultimately an automobile focus.