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Publication Name: Musings on Markets

Brief description: Aswath Damodaran's not so profound thoughts about valuation, corporate finance and the news of the day!

Joined: August 20th, 2011

Activity

Musings on Markets wrote a new blog post titled January 2019 Data Update 1: A reminder that equities are risky, in case you forgot!

In bull markets, investors, both professional and amateur, often pay lip service to the notion of risk, but blithely ignore its relevance in both asset allocation and stock selection, convinced that every dip in stock prices is a buying opportunity, and soothed by bromides that stocks always win in the long term. It is therefore healthy, albeit painful, to be reminded that the risk in stocks is real, and that there is a reason why investors earn a premium for investing in equities, as opposed...
(59 days ago)

Musings on Markets wrote a new blog post titled January 2019 Data Update 2: The Message from Bond Markets!

I must admit that I don't pay as much attention to fixed income markets, as I do to equity markets, other than to use numbers from the markets as inputs when I value companies or look at equity markets. This year, I decided to look at bond market movements, both in the sovereign bond and corporate bond markets for two reasons. First, bond markets offer predictive information about future economic growth and inflation, and since one of the big uncertainties for equities going into the new year...
(59 days ago)

Musings on Markets wrote a new blog post titled January 2019 Data Update 3: Playing the Numbers Game!

Every year, for the last three decades, I have spent the first week of the year, looking at numbers. Specifically, as the calendar year ends, I download raw data on individual companies and try to decipher trends and patterns in the data. Over the years, the raw data has become more easily accessible and richer, but ironically, I have become more wary about trusting the numbers. In this post, I will describe, in broad terms, what the data for 2019 looks like, in terms of geography and industry,...
(59 days ago)