Aswath Damodaran

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I use this Vinod Khosla tweet with apologies to Vinod, since tweets are often out-of-context or emotive, to launch a discussion on the trade-off between scalin… 2 Sept
The spotlight was on US treasuries, in August 2026, as 10-year and 30-year rates edged towards highs not seen since 2008. US equities still had a good month, w… 1 Sept
It has been less than four years, since ChatGPT made its public debut, but talk of AI has taken over business, investing and even personal conversations. The A… 20 Aug
The meltdown of Situational Awareness, Leo Aschenbrenner's hedge fund, has created a host of takes. I use the story as a lever to talk about investment convict… 11 Aug
The S&P 500 was flat for the month and the 10-year treasury rose from 4.45% to 4.74%, as tech and AI came under selling pressure, and fears of war and a slowin… 1 Aug
I spent the last academic year (Sept 25-June 26) on sabbatical, looking after my baby granddaughter, and I loved every moment. I missed teaching, though, and I… 28 Jul
My annual country risk update, which includes everything I know and have learned about country risk in my corporate finance analysis and valuation is now avail… 15 Jul
The S&P 500 capped off a middling month in June 2026, but had a stunning 2nd quarter, up 14.87%. Rising earnings helped, and the equity risk premium for the in… 2 Jul
As the debate about the pricing of SPaceX, OpenAI and Anthropic heats up, there is a parallel debate about whether S&P should be including these companies in t… 19 Jun
I valued SpaceX for its IPO a few weeks ago, with minimal information and a promise to revisit the valuation, when the prospectus was made public. The prospect… 4 Jun
US stocks continued to climb in May 2026, with the S&P 500 up 5.1% and treasury rates leveled off at 4.44% (up from 4.40%). The ERP for the index declined from… 1 Jun
Tim Cook will be stepping down as CEO of Apple on Sept 1, 2026, after fifteen years atop the company. He has been critiqued for being too cautious, but I celeb… 7 May
In April 2026, US equities saw light in the midst of war and chaos. The S&P 500 rose 10.43%, its best month since April 2020, coming of COVID lows, and the ERP… 2 May
The SpaceX IPO is coming, and it will be a doozy, a futuristic company (spaceships, satellites and AI), a founder who will keep things interesting (Musk) and a… 24 Apr
Beware the ides of March? That was true in 2026 as the month started with war, with questions about how long and to what end, and ended with war, and the same… 2 Apr
Winning is rare for active investors (retail or institutional), and even with the few who win consistently, separating luck from skill is tough to do, and ther… 24 Mar
Winning as an active investor is rare, and even with the few who win consistently, separating luck from skill is tough to do, and there are broad differences i… 24 Mar
The equity risk premium (ERP) is an essential ingredient in hurdle rates in corporate finance, discount rates in valuation and expected returns in financial pl… 16 Mar
I have issues with Citrini's AI doomsday scenario, where massive and speedy AI disruption causes economic damage, but it rendered a service by playing through… 4 Mar
The S&P 500 was flat in February 2026, but turmoil lurked under the surface, with treasury rates dropping below 4% for the 1st time since October 2024 and the… 27 Feb
Investment Philosophies 11 Dec 2024 Recommendstheir own
Applied Corporate Finance 11 Dec 2024 Recommendstheir own
Extraordinary Popular Delusions and the Madness of Crowds 7 Nov 2024 Loved
What Investors Really Want 1 Mar 2011 Loved
Chaos 30 Nov 2010 Loved