Session 1: Introduction to Valuation

Lays out the rationale for doing valuation as well as the issues of bias, complexity and uncertainty that bedevil it.

[hectorpalacios]

I feel I'm so smart for understanding everything so easily, but that's because he's so great at teaching.

[meshrash]

I'm in disbelieve! I can't believe this is on YT for free.

[lk]

1. Valuation is simple, we choose to make it complex.
2. Every valuation has a narrative behind it. A good valuation is more about the story than about the numbers.
3. When valuations go bad, it's not because of the numbers, it's because of biases, uncertainty and complexity.

[MrLewis-lkus]

I’ve taught for 25 years. This man is excellent teacher.

[frankchen]

I just stumbled upon these videos and have watched the first 2 sessions. Prof. Damodaran's explanations are easy to understand; his analogues funny and relevant. I plan to finish the entire series. But I want to express my gratitude first to Prof. Damodaran for openly sharing the materials online. Thank you!

[surajgantedi]

Most YouTube investing gurus don’t tell these valuable lessons. This is gold

[steverahardjo]

I remember at 2008 learn his book.I hated it so much about valuation and corporate finance. Now.I am a business owner and there we should open that dark blue book again. in conclusion.i was wrong to hate it but this proffesor keep consistent for what he is doing ...very big respect

[DevangVariaArvind]

Mr. Damodaran explained in 16:14 minutes which my professor could not in an entire semester!

[Freddyyyy]

I have challenged myself to put away 50% of my monthly income into stock options which is quite easy since I live frugal without debt. I work as an account executive, and make over $20000. $10000 goes into dividends, and the other $10000 covers my my food plus living expenses. I am seeing improvements in my portfolio, dividends look certain, but I have to attribute this to only to guidance of a licensed fund manager who allocates funds to a plethora of assets. Just got my first property, still I have to stay disciplined, and remember that I’m in it for the long term. Good luck to everyone and thanks for the great video.

[gregorybattis]

I have watched about 20 hours of these videos and Aswath is one of the best teachers out there. He has a good personality compared to many professors at university that I have attended. He teaches in a very clear manner and does an outstanding job of relaying important information and clear concepts. Id love to go to his lectures in person.

[Ricardojs]

I took the CVA exam a week ago, and was reading these past few days to keep touching up on areas I would like to improve. Then I decided to look for a video online, and I'm glad I did. I am going to watch all the sessions. You are an excellent teacher/speaker and have my undivided attention.

[FlavioBarrosProfessor]

Huge fan. Remembering me reading "Investment Philosophies" in 2004 and thinking: should be awesome to have a class with this man. Here I am! Crystal clear explanations.

[VideoPerfection]

I seriously can listen to this guy talk forever. He has a talent for speaking that's for sure.

[dubosmasson]

Great set of videos. I'm sharing the link with my students here at Indiana University!!

[danielleavenworth]

Thank you for making these lessons public. I am learning how to invest, and you are a valuable teacher!

[rahularora]

In 3 minutes of watching him, I am in awe of him....heard a lot about him earlier but didnt know about this YT channel..It is just wish I came across this content 5 years ago

[mba-thesisonly]

08:43 why not build a big model
09:10 how to build a "SUITABLE" model
09:30 intrinsic valuation means: cash flow, growth, risk
12:00 3 kinds of approaches: 1. intrinsic valuation (cash flow valuation)
12:59 2. relative valuation
14:28 3. option pricing & the context of valuation

[AliceRose-crmn]

Professor Damodaran, Thank you very much for sharing your knowledge with the world. Your textbook is great and these video lectures help clarify and solidify the concepts. I cannot wait to watch your 2023 classes.

[andrewmaina]

By far, the best take on valuation analysis I have ever heard, no numbers, no fancy jargon, simply explaining in layman's english, the underlying fundamentals of valuation.

[devishreesraha]

Aswath Damodaran on teaching valuation is what David J Malan is to computer science education. Two passionate teachers on a mission to break down complex topics for everyone into easy digestible chunks. True legends in their fields of learning 🙌🏻 #Respect.