Professor Aswath Damodaran on Why Stories Drive Company Value

The Well-Read Investor

Today Mike speaks with Professor Aswath Damodaran about his book, Narrative and Numbers: The Value of Stories in Business. Aswath is a professor of finance at the Stern School of Business at New York University and his career-spanning work on valuation, portfolio management and corporate finance cut across numerous books and popular lectures online, and his research has appeared in many prestigious academic journals including the Journal of Financial and Quantitative Analysis and the Journal of Financial Economics. This conversation couldn’t be more timely given all the hoopla around Gamestop and the like. Stories are driving the prices of those high flying stocks—narratives about what’s happening and why are at the core of all this mess. In fact, that’s always in some sense true with investing, but this is a very stark example. Follow us on social media for book reviews and so much more. We cut away the fluff and tell you whether a book is worth pursuing to further your investing knowledge with irreverent insights and practical analysis. Follow us on twitter @wellreadpod and Instagram at @wellreadinvestorpod for or just google the Well Read Investor to see what I’m reading, reviewing, and talking about week in and out.