Name: Aswath Damodaran: "The Value of Stories in Business" | Talks at Google
Uploaded: 2018-07-17T06:23:57.000Z
Duration: 1 h 31 min 29 s
Description: Thousands of YouTube videos with English-Chinese subtitles! Now you can learn to understand native speakers, expand your vocabulary, and improve your pronunciation...

a lot about investment valuation from just reading his blogs.

I think he is one person who has single-handedly made

investment valuation open source and available to all of us.

In addition to his original classroom at NYU,

he also has a virtual classroom on YouTube of tens of thousands

And one thing I really admire about Aswath

is that he does not shy away from discussing current ideas

and let them be examined over time in real time.

He's also somebody who has been very open and transparent

which you don't really see in the investment

I think they're the really special thing about professor

is that he brings the side of an academic and bridges it

He's written phenomenal books about investing

the latest in the edition of books, which

So without any further ado, I am very delighted, please

join me in welcoming Professor Aswath Damodaran.

I came to NYU in 1986, that was when I was hired

And I was given a class to teach called security analysis, which

is an old class with a collection of topics

that I chose to replace with a valuation class.

I actually didn't tell them I was doing it,

I just went into the class and made it a valuation class.

This will be my 31st year teaching valuation, my 53rd

I've learned in the course of teaching this class.

So one of the lessons I'd like to talk about

is something I didn't know when I started teaching this class

So I'm going to take you on a personal journey on something

I had to learn to do better to actually do valuation.

So I'm going to start out with a question

that I start off every one of my classes.

Let me give you a sense of what my classes look like.

And if you're familiar with how MBA programs have evolved,

So I've got not just bankers, but I've got museum directors,

In a sense, it's a very diverse classroom.

So here's one of the first questions I ask them,

and I'm going to start off this session with that question.

There's no right answer, don't look at your neighbor.

If I asked you to classify yourself as a person,

would you more naturally think of yourself

What comes more naturally to you, storytelling

Howard, I know you've known for a long time,

right after my first English literature class.

And I was asked to read "Moby Dick," and I did.

And I was ready for the discussion, ready to talk

So I show up in class ready to talk about whales and captains

and there's nary a mention of whales or captains.

I distinctly remember a big black fish going all the way

And then she started talking about hidden meanings

in the book and I remember sitting there saying, really?

That's what Herman Melville was thinking when he wrote that?

And my reaction when I came out of that class

was, never again am I going to subject myself

it was Algebra I, Algebra II, Algebra III,

And these were the good old days when you could go to college

and not have to deal with the crap you have to do today--

make you take classes for two years you never want to take.

Those days, you could take numbers class, numbers class,

And then you had a numbers job-- you were a banker, an engineer.

And after about four years of entering numbers

Subtitles ListPlay Video

Aswath Damodaran: "The Value of Stories in Business" | Talks at Google

stuff

essentially

assume

revenue