Aswath Damodaran - Ride Sharing Companies Have Disrupted This Business… | #155
For this special Friday episode, we welcome NYU professor and valuation expert, Aswath Damodaran. As it is Uber IPO day, Meb and Professor Damodaran start with a discussion about Uber and ride sharing valuations. Next, the two get into Professor Damodaran’s work and his framework for thinking about valuation. He covers the craft of valuation, and how his framework evolves over time. Professor Damodaran then shares details on what he thinks about Amazon and Apple, how he thinks about valuation in the context of each company, what he’s learned, and how his process has changed over time.
Key Points
- The guest, Oswald, is a finance professor at NYU and offers insights on Uber's IPO, suggesting that while the company has disrupted the car service industry, it has yet to find a profitable business model.
- Valuation is described as a craft where one must constantly adapt and learn, exemplified by the guest's experience in valuing companies like Amazon and Apple, which have evolved significantly over time.
- The podcast discusses the state of the investment industry and how various sectors such as education, publishing, and finance are ripe for disruption, with technology and changing consumer behaviors driving the need for change.
Follow Aswath: Website; Musings on Markets
Resources: Uber’s Coming out Party: Personal Mobility Pioneer or Car Service on Steroids? (Damodaran) Narrative and Numbers: The Value of Stories in Business (Damodaran) Investing Whiplash: Looking for Closure with Apple and Amazon! (Damodaran) Damodaran Online Range: Why Generalists Triumph in a Specialized World (Epstein)
Chapters
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| 7:14 | |
| 19:44 | |
| 25:01 | |
| 33:23 | |
| 38:10 | |
| 44:38 | |
| 47:00 | |
| 51:11 | |
| 52:36 | |
| 54:06 | |
| 55:57 | |
| 56:19 |
Transcript
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