TIP654: Investing Across the Life Cycle w/ Aswath Damodaran

We Study Billionaires - The Investor’s Podcast Network

Stig Brodersen

Education, Investing, Business

4.6 • 3.6K Ratings

🗓️ 23 August 2024

⏱️ 67 minutes

🔗️ Recording | iTunes | RSS

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Summary

On today’s episode, Clay Finck is joined by Aswath Damodaran to discuss his new book, The Corporate Life Cycle. Aswath Damodaran is a professor at NYU of corporate finance and valuation and has taught thousands of students how to value companies and pick stocks. He has written numerous books on valuation and has also made all of his university courses available online for free. Aswath is one of the clearest teachers of finance and investing in the industry. IN THIS EPISODE YOU’LL LEARN: 00:00 - Intro 01:48 - What the corporate life cycle is and why it’s important. 01:48 - Why value investors should be open to investing at different points in the life cycle. 09:32 - Why the job of management is to maximize shareholder value. 17:21 - The difference in returns between value and growth investing. 27:44 - How the story and narrative around Tesla has changed over the past decade. 43:02 - How management’s skillset needs to change throughout the corporate life cycle. 50:41 - How companies should handle the decline phase of the life cycle. 58:23 - Why Aswath is against concentrating his portfolio. And so much more! Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences. BOOKS AND RESOURCES Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, Kyle, and the other community members. Check out Aswath’s new book — The Corporate Life Cycle. Check out Aswath’s Website. Check out Aswath’s YouTube Channel. Mentioned Episode: WSB508: Buffett's Purchase of TSM & Meta "Doomsday" Analysis, or watch the video. Related Episode: WSB577: Valuation Masterclass w/ Aswath Damodaran, or watch the video. Related Episode: RWH005: Meet the Master w/ Aswath Damodaran, or watch the video. Follow Aswath on Twitter. Follow Clay on Twitter. Check out all the books mentioned and discussed in our podcast episodes here. Enjoy ad-free episodes when you subscribe to our Premium Feed. NEW TO THE SHOW? Follow our official social media accounts: X (Twitter) | LinkedIn | Instagram | Facebook | TikTok. Check out our We Study Billionaires Starter Packs. Browse through all our episodes (complete with transcripts) here. Try our tool for picking stock winners and managing our portfolios: TIP Finance Tool. Enjoy exclusive perks from our favorite Apps and Services. Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets. Learn how to better start, manage, and grow your business with the best business podcasts. SPONSORS Support our free podcast by supporting our sponsors: River Toyota Range Rover Vacasa AT&T The Bitcoin Way Public American Express Onramp SimpleMining Fundrise Shopify USPS HELP US OUT! Help us reach new listeners by leaving us a rating and review on Apple Podcasts! It takes less than 30 seconds, and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it! Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm

Transcript

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0:00.0	You're listening to TIP.
0:03.0	On today's episode, I'm joined by the Dean of Valuation Aswoth-Demotiran.
0:08.0	Aswoth is a fan favorite guest on the show here, and I'm very happy to have him back to discuss his new book, The Corporate Life Cycle.
0:14.9	Aswoth has written numerous books on how to value companies and invest successfully.
0:19.9	He's also a legendary professor of finance at NYU who's made his classes available for free online to millions of followers around the world.
0:28.5	During this conversation, we explore what the corporate life cycle is and why it's important, why value
0:34.1	investors need to be open-minded as to investing at different points in the life
0:38.0	cycle, why the job of a management team is to maximize shareholder value, how the story and narrative of Tesla has changed
0:45.4	over the past decade, how companies should handle the decline phase of the life cycle,
0:50.0	why Aswath is against concentrating his portfolio and much more.
0:53.9	It's no wonder that Aswath is such a popular guest on the show as he always brings a new perspective
0:59.1	and valuable insights for our listeners.
1:01.5	So with that, I hope you enjoy today's discussion with Aswath to Motoran. and more than 150 million downloads.
1:12.8	You are listening to the Investors Podcast Network.
1:15.6	Since 2014, we studied the financial markets
1:18.8	and read the books that influence self-made billionaires the most.
1:22.4	We keep you informed and prepared for the unexpected.
1:25.0	Now for your host host Clay Fink and today I'm very
1:42.1	happy to welcome back Aswoth to Moter and Aswoth.
1:46.0	It's so wonderful having you back on the show.
1:48.1	Glad to be on.
1:50.5	So Aswoth, we last spoke about a year ago and since then you just published this new book.
	...

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