I am in the third week of the corporate finance class that I teach at NYU Stern, and my students have been lulled into a false sense of complacency about what's coming, since I have not used a single metric or number in my class yet. In fact, we have spent almost four sessions (that is 15% of the overall class) talking about the end game in business. In an age when ESG, sustainability and stakeholder wealth maximization have all tried to elbow their way to the front of the line, all laying cl...| Musings on Markets
In the first five posts, I have looked at the macro numbers that drive global markets, from interest rates to risk premiums, but it is not my preferred habitat. I spend most of my time in the far less rarefied air of corporate finance and valuation, where businesses try to decide what projects to invest in, and investors attempt to estimate business value. A key tool in both endeavors is a hurdle rate – a rate of return that you determine as your required return for business and investment ...| Musings on Markets
If the title of this post sounds familiar, it is because is one of Disney’s most iconic rides, one that I have taken hundreds of times, first with my own children and more recently, with my grandchildren. It is a mainstay of every Disney theme park, from the original Disneyland in Anaheim to the newer theme parks in Paris, Hong Kong and Shanghai. For those of who have never been on it, it is the favored ride for anyone who is younger than five in your group, since you spend ten minutes in a...| Musings on Markets
In my first two data posts for 2025, I looked at the strong year that US equities had in 2024, but a very good year for the overall market does not always translate into equivalent returns across segments of the market. In this post, I will remain focused on US equities, but I will break them into groupings, looking for differences. I first classify US stocks by sector, to see return variations across different industry groupings. I follow up by looking at companies broken down by market capi...| Musings on Markets
A blog about markets, finance and all things money related.| aswathdamodaran.blogspot.com
A blog about markets, finance and all things money related.| aswathdamodaran.blogspot.com
A blog about markets, finance and all things money related.| aswathdamodaran.blogspot.com
A blog about markets, finance and all things money related.| aswathdamodaran.blogspot.com
A blog about markets, finance and all things money related.| aswathdamodaran.blogspot.com
A blog about markets, finance and all things money related.| aswathdamodaran.blogspot.com
A blog about markets, finance and all things money related.| aswathdamodaran.blogspot.com