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Barron's Streetwise

Why the ‘Dean of Valuation’ Just Sold His Nvidia Stock

Barron's Streetwise

Barron's

Business

4.71.6K Ratings

🗓️ 2 June 2023

⏱️ 39 minutes

🧾️ Download transcript

Summary

Plus: Tesla, Citigroup, and the sports team bubble. And a listener asks about BDCs and covered calls.  Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

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0:08.0

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0:16.0

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0:20.0

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0:24.0

Start your journey today at WSJWine.com slash podcast.

0:29.0

I'm in the same place with Nvidia that I was with Tesla in November 2021 when it is 1.2 trillion.

0:35.0

And I said, look, you can tell me whatever story you want about Tesla's greatness.

0:39.0

But at this price, I've an amazing company, but I'm paying for an astonishing company.

0:44.0

An amazing is not good enough.

0:47.0

Hello and welcome to the Baron StreetWise podcast. I'm Jack Howe.

0:51.0

And the voice you just heard is Oswath DeModerin.

0:54.0

He's a finance professor at NYU. His nickname is the Dean of Valuation.

1:00.0

In other words, he's an expert on telling what things are worth.

1:04.0

And he just sold his personal stake in Nvidia. We'll hear why.

1:09.0

And we'll get his thoughts on other tech giants in the market as a whole.

1:13.0

And the major league baseball bubble. You heard me.

1:17.0

We'll also answer a listener question on boosting income in retirement,

1:21.0

with help from a financial advisor, Nicole Webb, from Wealth Enhancement Group.

1:27.0

Listening in is our audio producer, Metta Heimeta.

1:31.0

Hi, Jack.

1:32.0

On Tuesday, Nvidia, the chip company, briefly hit a stock market value of more than a trillion dollars.

1:39.0

There are only four other companies in the US worth that much.

...

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