At the Money: Learning Lifecycles of Companies

Masters in Business

Bloomberg

Business, Entrepreneurship, Investing

4.4 • 2.2K Ratings

🗓️ 21 August 2024

⏱️ 17 minutes

🔗️ Recording | iTunes | RSS

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Summary

The Magnificent Seven, the Nifty Fifty, FAANG: Each of these are popular groups of companies investors erroneously believed they could “set & forget” But as history informs us, the list of once-great companies that dominated their eras and then declined is long. In this episode, Professor Aswath Damodaran of NYU Stern School of Business explains what a normal corporate life cycle is. He has written numerous books on valuation and finance. His new book, “The Corporate Life Cycle: Business Investment and Management Implications" is out today.

Each week, “At the Money” discusses an important topic in money management. From portfolio construction to taxes and cutting down on fees, join Barry Ritholtz to learn the best ways to put your money to work.

See omnystudio.com/listener for privacy information.

Transcript

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0:00.0	It's the question every investor is asking themselves.
0:04.0	How do you build a portfolio that perseveres in today's tough and predictably unpredictable market?
0:10.0	At New York Life Investments, we see a clear path forward and a window for income potential that investors haven't seen in a decade.
0:18.0	Make the first move.
0:20.0	Complement core portfolios with differentiated investment strategies on New York Life Investments.com,
0:26.0	where we're more than investing. We're invested.
0:29.0	I'm Jason Kelly, Original's chief correspondent.
0:34.2	Join me and sports leaders like Boston Celtics co-owner Steve Paliuka,
0:38.5	National Women Soccer Commissioner Jessica Berman,
0:41.3	Orioles owner David Rubinstein, and even my co-host on the deal,
0:45.1	Alex Rodriguez, plus many more at Bloomberg Power Players New York on September 5th.
0:50.2	Conversations that will empower you to stay ahead of the game.
0:55.0	Register now at Bloomberg Live.com slash power players. Say live a let die and die. The Magnits'
1:18.6	The Magnificent Seven, The Nifty Fang Stocks. These describe those must-own, set and forget companies that absolutely have to be in your portfolio if you want to keep up. Buy them, own them, put them away forever and
1:37.1	you're set for life. Or are you? The list of once great companies that dominated their ears is long.
1:44.8	Sears, Woolworth, AT&T, General Motors, WorldCom,
1:49.8	remember Market Darling General Electric?
1:52.3	It dominated the 1990s.
1:54.6	It's now a fraction of its former glory.
1:58.0	These stocks are not one-offs.
2:00.0	They're the normal fate of all companies.
2:04.0	I'm Barry Redaltz and on today's edition of
	...

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