On today’s episode, Clay Finck is joined by Aswath Damodaran to discuss his new book, The Corporate Life Cycle.
Aswath Damodaran is a professor at NYU of corporate finance and valuation and has taught thousands of students how to value companies and pick stocks. He has written numerous books on valuation and has also made all of his university courses available online for free. Aswath is one of the clearest teachers of finance and investing in the industry.
IN THIS EPISODE YOU’LL LEARN:
00:00 - Intro
01:48 - What the corporate life cycle is and why it’s important.
01:48 - Why value investors should be open to investing at different points in the life cycle.
09:32 - Why the job of management is to maximize shareholder value.
17:21 - The difference in returns between value and growth investing.
27:44 - How the story and narrative around Tesla has changed over the past decade.
43:02 - How management’s skillset needs to change throughout the corporate life cycle.
50:41 - How companies should handle the decline phase of the life cycle.
58:23 - Why Aswath is against concentrating his portfolio.
And so much more!
Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.
BOOKS AND RESOURCES
SPONSORS
Support our free podcast by supporting our sponsors:
HELP US OUT!
Help us reach new listeners by leaving us a rating and review on Apple Podcasts! It takes less than 30 seconds, and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it!
Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm
Learn more about your ad choices. Visit megaphone.fm/adchoices
Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm