Transcript
Introduction
Patrick
My guest today is Aswath Damodaran, professor of finance at NYU's Stern School of Business. Aswath is one of the clearest teachers of investing in finance in our industry, and through his blog, books and YouTube, has open sourced his wisdom for decades. This conversation is a masterclass of key investing concepts. We discuss inflation, narratives, disruption, the evolution of Alpha and Edge, and his thoughts on ESG. Please enjoy this great conversation with Aswath Damodaran.
Inflation as a Dominant Force
Patrick
I've wanted to do this with you for, I don't know, I guess more than a decade since I started reading your work on valuation and markets and narrative and numbers, so many different things. I think because we have the opportunity to talk about so many different topics today, it's important that we start with the most important one in today's markets in late May 2022, which is inflation. Inflation's something that almost no modern investors below a certain age have ever had to deal with as professionals, and all of a sudden, it's been thrust in their face. I'd love you to just do a deep dive for us on how you as an investor, ultimately focused I think on valuing companies, think about inflation as a now dominant force in markets.