Aswath Damodaran

I have used Vale SA (ADR) (NYSE: VALE) as an illustrative example in my applied corporate finance book, and as a global mining company, with Brazilian roots, it allows me to talk about how financial decisions (on where to invest, how much to borrow and how dividend payout) are affected by the ups...

As the title should forewarn you, this is a post that will meander from eating spots to basketball players to corporate name changes. So, if you get lost easily, you may want skip reading it. It is triggered by two events that occurred this summer. One is Google Inc (NASDAQ: GOOG) (NADSAQ:GOOGL...

I have generally steered from using my blog as a vehicle for rants, not because I don't have my share of targets, but because I know that while ranting makes me feel better, it almost always creates more costs than benefits. It is true that I have had tantrums (mini-rants) about the practice of...

For decades, analysts and investor have bought into the idea of a small cap premium, i.e., that stocks with low market capitalizations can be expected to earn higher returns than stocks with higher market capitalizations. For investors, this has led to the pursuit of small cap stocks and funds...

A few months ago, I tagged along with my wife and daughter as they went on a tour of the Federal Reserve Building in downtown New York. While the highlight of the tour is that you get to see large stacks of US dollars in the basement of the building, I considered making myself persona non grata...

Editor's note: Mark Cuban has since responded on Twitter. "@markfidelman @Benzinga worst response ever. He compares private to public cos. Ignores individuals who will lose 100pct of their investment." It looks like Alibaba is investing $200 million in Snapchat, translating (...

Life's transitions, from single to married, from renter to homeowner, and from employed to retired, just to name a few, are never easy, since the rules change, as do the measures of success and failure and that is perhaps the reason that they are accompanied by ceremonies (weddings,...

In his book Investment Fables, Aswath Damodaran looks at what does and does not work in the stock market. He examines various theories of stock selection including the value, growth and momentum approaches. Value investors know that buying stocks that trade below book value outperforms the...