Aswath Damodaran on the Fed, Inflation, and Valuation

Motley Fool Hidden Gems Investing

The Motley Fool

Investing, Business

4.3 • 3.1K Ratings

🗓️ 18 December 2022

⏱️ 26 minutes

🔗️ Recording | iTunes | RSS

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Summary

If you're impatient, then value investing's probably not for you. But for those interested, there's probably no one better to listen to than Aswath Damodaran, professor of corporate finance and valuation at the Stern School of Business at New York University. Motley Fool CEO Tom Gardner talks with the “Dean of Valuation” about: - Inflation’s new questions for investors - The most important investor you can learn from - Incentives, correlations, and costs in ESG scoring Stocks mentioned: MO, BLK If you're a member of any Motley Fool service you can access the full conversation here: https://www.fool.com/premium/coverage/4056/coverage/2022/08/31/navigating-inflation-behavioral-investing-and-mark/ Host: Tom Gardner Guest: Aswath Damodaran Producer: Ricky Mulvey Engineers: Dan Boyd, Austin Morgan, Tim Sparks Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	If you're naturally impatient and you try to be a value investor, you're going to fail.
0:06.4	You're going to fail because no matter how much you tell me about how much you believe
0:11.2	in value investing, you're just temperamentally unsuited to be a value investor.
0:16.5	Now, that's why I end the book with a statement which is the best investment philosophy is
0:22.0	the one that fits you as a person.
0:24.9	The person you need to understand the most to be a great investor is not Warren Buffett
0:30.2	of Peter Lentz, it's you.
0:35.3	I'm Chris Hill and that's Oswath DeModern, professor of corporate finance and valuation
0:40.5	at the Stern School of Business at New York University.
0:44.2	As we wrap up the year, we're revisiting some of our most popular conversations of 2022
0:49.4	this week.
0:50.4	Motley Full Co-Founder and CEO Tom Gardner caught up with the Motern earlier this fall at
0:55.5	our full-fest event to talk about the cost of ESG, how the Federal Reserve could misread
1:01.4	inflation data, and why following great investors may not work for you.
1:09.1	I wanted to just start with your reflections on inflation and maybe teaching those who
1:15.3	are in canary inflation for the first time in any significant way.
1:19.2	What are the domino effects of high levels of inflation for corporations, individuals,
1:26.2	etc.?
1:27.2	I'm going to start by saying it's not high levels of inflation per se that are the issue.
1:32.4	It's high unexpected levels of inflation that are the issue.
1:36.6	And to illustrate exactly what I'm saying, we give you a choice of two economies to operate
1:41.9	it.
	...

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