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💰Master Valuation: Tips from Mauboussin, Damodaran & More
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Hey Reader, In today's issue:
💸Sponsored by: Help The IFB Podcast team by filling out our survey to enter the chance to win a $100 Amazon gift card. We always try to improve the listening experience of the podcast, from the content covered to the advertisers we work with. Learning more about what you value as our subscribers will help us achieve this. We thank you for your continued support and eagerness always to learn. Survey Link —> IFB Survey 💎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
Thanks,
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Unlock the mysteries of the stock market with us! We break down complex topics into simple, easy-to-understand language. Join over 21,000+ readers who receive our insights every Tuesday.
Hey Reader,Did you know that the S&P 500's lowest recorded P/E ratio was 5.31 in 1917, while its highest was 123.73 in May 2009, during the financial crisis? This represents a range of over 2,200% between the most undervalued and overvalued market conditions, demonstrating how dramatically valuation perspectives have shifted across different economic eras. In today's issue: Warren Buffett breaks down how he would invest if he could start over. What is never sell really? Why ROIIC is more...
Hey Reader,Did you know Professor Damodaran constantly emphasizes that there is no single "correct" value for a company? Valuation is filled with uncertainty and bias. The goal isn't to be perfectly right, but to be "less wrong" over time. He views valuation as a craft that improves with practice, humility, and a willingness to acknowledge what you don't know. In today's issue: Aswath Damodaran covers the dark side of valuation Checklist to help evaluate management and capital allocation...
Hey Reader, Warren Buffett transformed investing by emphasizing “moats”—the lasting competitive advantages that protect great businesses. As he wrote, “The key to investing is determining the competitive advantage of any given company and, above all, the durability of that advantage.” In today's issue: How Pat Dorsey builds wealth by investing in wide moat businesses. Terry Smith on the art of compounding and investing. Morgan Housel shares some very "bad advice." Much more.... 💸Sponsored by:...