Introduction to Valuation class (Short)

This is a short introduction to the valuation class that I teach at Stern and it lays out the five themes that run through the class. First, valuation is not a science (with precision as an end game) or an art form (where you can do whatever you want). It is a craft. Second, valuation is universal and its principles cover all types of businesses, public or private, small or large and across the life cycle (from start up to decline). Third, the value of an asset is driven by different forces and can yield a different number than the pricing of that same asset. Fourth, valuations don't come from spreadsheets, but represent a marriage of stories and numbers; one without the other can lead you astray. Finally, valuation is pragmatic and requires action; if you are unwilling to act on your valuations, why bother? The class is scheduled to start on February 1, 2021 and end on May 10, 2021. (Sorry if I said 2020 in the video, but 2020 is proving really hard to let go).

[pritish]

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[endurethemarket]

Thank you for the free content professor! You have opened my eyes to a whole other aspect of equity valuation!

[satishd]

YOU ARE TRULY-- DEAN OF VALUATION, GIVING THESE CLASSES FOR FREE IS GREAT
COMING FROM CAPITALIST COUNTRY, TEACHING FOR FREE IS GREAT

[maxnorge]

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[amangautam]

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[rizalroshdi]

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[dimitrispapadopoulos]

Top-class material and completely free! Thank you professor for making this available to every one of us!!!!

[prince.agrawal]

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[jsnmad]

I just love how this guy starts. His confidence in speaking makes you submit to his teaching in the way how a student must submit to a Shoalin master.

[eshuang]

Thank you Prof Damodaran! I have the greatest respect for you!

[iliescuradu]

Thanks Professor in advance, looking forward to watch the invaluable info

[AbhijitGuptamjj]

Thanks for sharing these insightful videos. I've just started reading your "Little book".

[gsovero]

Thank you for making this available to anyone! Such a great and powerful resource!

[jcsabali]

This gentleman is wonderful. I don't know anything about valuation in the sense of equations but he makes it easy to digest the concept. I will most definitely be following. Thank you sir.

[poohshmoo]

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[lonebadatel]

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I'm glad I found this channel

[videosilike]

Hi! I was sent here by the video posted by @FinanceIllustrated. I want to learn and will start watching your videos! You are highly recommended! Best Wishes to you in this new year Dr.!

[rathnakaramkrishna]

Sir, every time I listen to you I learn a new thing and I have this pre conceived notion that every session of yours is gonna be awesome and I am glad that it has always been great listening to you..

[Nightcat]

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[bluenequ]

Hello, Mr. Damodaran
I thank you for sharing your effective, efficient and valuable ideas, way of doing things here, free of charge. It is unbeliveably hard to find a person in social sciences who actually looks at the application place which is market in this context and learns from it. I thank you so much doing valuation with trial and error on the marketplace and sharing with us. I heard about you from late Yaşar Erdinç, Dr. May he rest in peace.