Behind The Idea # 16: Aswath Damodaran Talks Facebook, Valuation, And Stories

05/15/18 • 48 min

Professor Aswath Damodaran joins Behind the Idea this week to discuss Facebook as a follow-up to our episode reviewing his article (BTI #12). He also sheds light on his investing philosophy, why he dislikes the Dean of Valuation moniker, and the importance of faith and testing your faith in investing.
Topics covered: Why the 'Dean of Valuation' is a terrifying title - 1:10 minute mark
Recapping Damodaran's Facebook (FB) thesis - 2:00
How do you deal with the risk to Facebook's dominance? - 3:45
The piece W
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Previous Episode

Behind The Idea #15: Delta Making Moves In An Oligopoly

The airline industry has changed. How do the remaining big players separate themselves from one another? Tim Dunn detailed Delta's focus city strategy in a recent article - https://seekingalpha.com/article/4167776-deltas-focus-city-strategy-delivers-revenue-advantages - which shows one approach. We look at whether management's story checks out and what it means for investors to consider an oligopoly.
Topics covered:
What’s going on in this thesis and with the focus city model? (1:30 minute mark)
Decon
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Next Episode

Behind The Idea # 17: Kellogg's Serial Decline And What Matters

Does anyone eat cereal anymore? And what can Kellogg do about it? That's the topic of this week's Behind the Idea, as we take Prescience Point's short idea - https://www.presciencepoint.com/wp-content/uploads/2018/04/Prescience-Point_Kellogg-Company__K_.pdf - and see what really matters for Kellogg going forward.
Topics covered:
2:00 – Setting the table for the consumer packaged good industry and the general Prescience Point thesis
4:50 – Assessing the decline of cereal, and Mike puts on his Peter L
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