Articles by Aswath Damodaran
- Research
Markets Reprice Risk in Real Time—Most Models Still Don’t
What causes that price of risk to change over time and the limitations in the ways that we estimate that price of risk in financial analysis.
- Research
Buybacks, Dividends, and Why Cash Decisions Break Markets
Dividend policy, more than any other aspect of corporate finance, is dysfunctional both for the firms that choose to return the cash and the investors
- Research
Is Nvidia Really Worth $5 Trillion? A Break-Even Reality Check That Changes the Debate
Engineer from any given market capitalization, the revenues and profitability thresholds you have to meet, and allow you to come to your own conclusions.
- Opinion
Behind the Numbers: What 2025’s Country Risk Rankings Are Really Telling Us
When assessing business risk from operating in a country, you will be affected by uncertainty that arises from almost every source
- Opinion
Why Moody’s Downgrade Shook the Markets — And What It Signals About Default Risk
Talk about how the US ratings downgrade will affect equity and bond valuations not just in the US, but around the world. #Moody #USA
- Opinion
What’s Fueling Market Chaos? A Deep Dive into Tariffs and Economic Shocks
I find that putting even unfinished thoughts down on paper or in a post is healthy, and perhaps a critical component to finding your way back to serenity
- Opinion
2025: US Equities Extend Their Winning Streak
Trying to judge where markets stand at the start of 2025, starting with PE ratios, moving on to earnings yields and ending with a valuation of the index.
- Opinion
2025 Data Insights: Why Data Can Be Both a Draw and a Danger
Repeat the caveats about how and where the data is best used, that I have always added to my updates. #data #markets
- Opinion
Who Benefits from Breaking Up Big Tech? A Closer Look
In a court filing on October 9, 2024, the US Department of Justice let it be known that it was considering a break-up of Alphabet #Google
- Research
Brand Lessons Every Business Can Learn From Nike’s Challenges
What constitutes a brand name, what makes a brand name valuable and what causes brand name values to deplete and disappear. #brand
- Opinion
The Corporate Life Cycle: Managing, Valuation and Investing Implications!
Businesses, like human beings, age, and struggle with aging, and that much of the dysfunction we observe in their decision making #age
- Research
Country Risk: My 2024 Data Update
I resolved that I would be far more organized in my assessments and updating of equity risk premiums, in the United States and abroad
- Opinion
Profitability: The End Game for Business?
Examine how much businesses generated in profits in 2023, scaled to both revenues and invested capital. #business
- Research
The Difference Makers: Key Person(s) Valuation
It is part of the valuation process, where the key person is valued or at least priced and incorporated into valuation. #value
- Research
Inflation and its Ripple Effects!
The big question leading in 2022 is how inflation will play out during the year, and beyond, and the consequences for stocks, bonds and currencies.
