Aswath Damodaran
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8 October
10 September
2 September
From one piece The Scaling and Profitability Trade off: Venture Capital’s Weakest Link! 5 beliefs, in the piece's order there
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Their words
While it was routine for companies going public in the 1980s to be profitable (>80% were), less that a quarter of the companies that have gone public in the last decade have been profitable.
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Their words
there is evidence that the reversal effect has weakened over time, leaving investors who bet on mean reversion and a return to fundamentals in the lurch
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Their words
the median venture capitalist has not been much better at harvesting alpha than the median mutual fund manager or PE investor
+ 2 more
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Their words
VC success is measured based on price at entry and price at exit on an investment, rather than the quality of the business built
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korrents.com
Applying scale-first, profit-later to every business is a cookbook that turns small failures into big ones.Their words
Any investor or founder who blindly follows the pathway of scaling first and profiting later for every business is using a cookbook approach to business building, and runs the risk of making small failures into big ones.
1 September
20 August
From one piece AI’s Bar Mitzvah Moment: From Hype & Hope to Business Questions! 3 beliefs, in the piece's order there
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korrents.com
The trillion-plus prices rumoured for OpenAI and Anthropic ahead of their listings look rich.Their words
I will confess that the rumored pricing for both companies ($1.5 to $ 2 trillion) looks rich, but I am open to being surprised
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Their words
anyone who claims to have conviction that they know what's coming is being either ignorant or arrogant
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Their words
I would argue that AI's total addressable market, in the US, cannot be greater than $12.96 trillion, the total employee compensation in 2025
11 August
1 August
28 July
15 July
2 July
19 June
18 June
From one piece SpaceX, OpenAI and Anthropic: The S&P 500 Inclusion Question and Investment Consequences! 3 beliefs, in the piece's order there
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Their words
Much of active investing is built around publicly available information and a belief in the power of mean reversion, not original research and seeking information.
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korrents.com
Active investing collectively drags down portfolio returns, and the evidence leaves almost no counter-argument.Their words
there is almost no counter to the argument that active investing collectively creates a drag on portfolio performance
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Their words
Doomsday stories about how passive investing is making markets less efficient and less inclined to reflect fundamentals strike me as overwrought
4 June
1 June
7 May
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24 April
2 April
24 March
16 March
Nothing matches.
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