Created by the Value Team at Schroders, the Value Perspective podcast takes a look at decision making in complex and uncertain environments.
Episodes
Monday Mar 22, 2021
Monday Mar 22, 2021
Professor Aswath Damodaran joins us for this episode on The Value Perspective. The author of a dozen books and considered the preeminent Valuation Guru by many, Aswath is a professor at the NYU's Stern School of Business teaching corporate finance and valuation. Juan and Aswath discuss valuation's impact on historical events, how valuation is one of the most powerful tools in investment and how to keep a level head in the face of inflated valuations.
EPISODE MINUTES:
01:11 Intro: who is Aswath?
08:43 Is there a check list that analysts can use to sound check a valuation?
11:59 Valuation's biggest enemy is the human; recognising preconceptions and bias
15:15 The role of a devil's advocate when discussing valuation
17:23 What is 'good' data management when it comes to valuing a business?
23:05 Finding risks in the footnotes
25:58 There are still resistors to valuation - are we doomed to repeat history?
30:51 The power of words and company description in valuation
37:18 How do you think about valuations in the context of value investing?
43:07 Monte Carlo simulations - yea or nay?
44:46 A time when bad process produced an unwanted outcome
49:27 Book recommendation: The Psychology of Money: Timeless Lessons on Wealth, Greed, and Happiness by Morgan Housel and The Success Equation: Untangling Skill and Luck in Business, Sports and Investing by Michael Mauboussin
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