Aswath Damodaran · Investment

Aswath Damodaran

I teach corporate finance, valuation and investment philosophies at the Stern School of Business at New York University. I have online versions of all three courses here, as well as other finance-related videos. 1. The Corporate Finance Online playlist has an introductory video and 36 sessions that cover all of corporate finance (at least as I see it). 2. The Valuation playlist has 25 sessions that cover valuation approaches, issues and questions. 3. The Investment Philosophies playlist has sessions that cover different investment philosophies. 4. The Accounting and Statistics playlists reflect my quirky and unorthodox introductions to two disciplines that are critical to my valuation and corporate finance classes. 5. The Blog Posts playlist has sessions that go wit my blog posts and reflect my standing as a dabbler, rather than expert, in all things finance-related. If you need the supporting material for any of the classes, check the links below.

Episodes

Interest rates have reclaimed their position as a central market driver in 2026, with US Treasury yields drifting toward historically normal levels after the anomalous low-rate environment of 2008–2021. While rising rates typically pressure bond prices, their impact on equities is more complex, mediated by a company’s ...

AI's Bar Mitzvah Moment? From Hype & Hope to Business Questions!

20 Aug 2026AI processed

AI has transitioned from a hype-driven phenomenon to a massive capital-intensive industry, with major technology firms investing trillions into infrastructure. Despite rapid revenue growth, the current AI market remains relatively small at approximately $250 billion, creating a significant valuation gap that necessitat...

Lessons from Leo: The Dark Side of Investment Conviction!

11 Aug 2026

36m

AI processed

Investment conviction—the belief in an identified market opportunity—often leads to catastrophic failure when mismanaged through excessive concentration and leverage. The rapid collapse of Leopold Aschenbrenner’s hedge fund, Situational Awareness, serves as a cautionary tale of how high-conviction bets on macro trends ...

Information Timing and Release: The Debate over Quarterly Reporting and Fed Guidance!

29 Jul 2026

31m

Country Risk: Determinants, Measures and Implications - The 2026 Edition

15 Jul 2026

37m

The Indexing Question: Should SpaceX, OpenAI and Anthropic be in the S&P 500?

18 Jun 2026

46m

The Numbers are in: A Post-Prospectus SpaceX Valuation!

04 Jun 2026

45m

An Ode to Restraint: Lessons from the Tim Cook Legacy!

06 May 2026

36m

To Trillion(s) and Beyond: The SpaceX IPO Odyssey

23 Apr 2026

31m

The Market's Narrative: How Investors are pricing in the Iran War!

01 Apr 2026

19m

Finding your Investing Lodestar: In Search of an Investment Philosophy!

24 Mar 2026AI processed

An investment philosophy, a core set of beliefs that drive how investors think about the market, is crucial for long-term success. Without a guiding philosophy, investors risk chasing fleeting trends, falling prey to scams, and failing to adapt when strategies falter. The investment process starts with understanding th...