In this session, Aswath Damodaran discussed whether Apple should enter the electric automobile market, using a case. He then turned the discussion to options in project analysis and how the option to delay, expand and abandon projects can sometimes make them more valuable.
Aswath Damodaran: The Apple iCar Case & Project Options
Michael Mauboussin: Challenges and Opportunities in Active Management And Using BAIT #MICUS
Michael Mauboussin's notes from his presentation at the 2020 Morningstar Investment Conference, held on September 16th and 17th. Q2 2020 hedge fund letters, conferences and more Michael Mauboussin: Challenges and Opportunities in Active Management Michael Mauboussin is Head of Consilient Research at Counterpoint Global in New York. Previously, he was Director of Research BlueMountain Capital, Read More
Valuing Cyclical Companies, Value and Price and first steps on Relative Value
In this session, Aswath Damodaran completed hi discussion of the dark side of valuation by talking about companies with intangible assets and commodity/cyclical companies. We then moved on to examine why value and price can deviate and closed with an introduction to relative valuation.