💰Master Valuation: Tips from Mauboussin, Damodaran & More


Hey Reader,

Did you know Charlie Munger coined the term “lollapalooza effect” to describe how multiple factors—like a strong brand, pricing power, and customer loyalty—can combine to create extraordinary value in a company. He often uses this to explain why some companies (Costco) are worth far more than their competitors.

In today's issue:

  • Slides from the goat of valuation, Aswath Damodaran
  • Michael Mauboussin breaking down a DCF
  • Joel Greenblatt's Columbia Class lecture notes
  • Much more.......

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💎NUGGETS

My Favorite Finds

📖 Aswath Damodaran's class slides teaching a DCF. If you want to start valuing companies, start here. He has said all investors at any level can use a DCF.

​📖 Everything is a DCF model from Michael Mauboussin, the other goat of valuation.

​📖 How to use multiples to value companies, including the good, bad, and link to fundamentals.

🎥 If you're a visual learner, here is a great valuation video from Brian Feroldi.

📖 A great primer on a wide range of valuation methods from our friend, Thomas Chua.

📖 Joel Greenblatt Columbia lecture class notes. Here he breaks down how to do "good valuation work."


🔍Question of the Week


📖Knowledge Tidbits

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12:30 PM • May 17, 2025
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