Hi, everyone from New York Magazine in the Vox Media Podcast Network.

This is on with Kara Swisher, and I'm Kara Swisher.

My guest today is Aswath Demoderan, a professor of finance at the Stern School of Business at NYU,

who's known as the Dean of Valuation.

He understands how to look under the hood of a public corporation and tease out its value,

and he's able to explain those valuations as well or better than anyone else.

I actually met Oswald through Scott Galloway, who I co-host Pivot with, and it's one of the

better things I've gotten from Scott. He's incredibly intelligent. He knows how to speak about

economics in a very simple way, but not a stupid way. You get a lot of value from just listening to

him, and he's so, so calm, which is really needed in this time of chaos. Oswath has written over 10 books,

and his latest is the corporate life cycle. As we're entering the third year of a bull run that is

starting to make some financial watchers nervous, I want to talk to someone who can give us a sharp

but unvarnished view of the investment landscape, and Oswath is that guy. Our expert question comes from William D. Cohen,

a former M&A banker, best-selling author,

and founding partner of Puck.

If you need investment advice,

you're not quite going to get it here,

but it will give you some insight in where we're going.

I know everybody's worried, so stick around.

Thank you. Everybody's worried, so stick around. Support for the show comes from Service Now,

which is enabling people to do more meaningful creative work, the work they actually want to do.

You know what people don't want to do? Boring busy work.

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