Session 14: More on stories & numbers and first valuations!
In this class, we continued our discussion of stories, and how critical it is to keep the feedback loop open, so that you can make your stories better. We also talked about how story breaks, shifts and changes. Since I talked about dealing with new earnings reports, I thought you may find these two posts of interest in how narratives shift, and with them, values: Reacting to Earnings Reports: aswathdamodaran.blogspot.com/2014/08/reacting-to-earnings-reports-lets-get.html Narrative Resets: aswathdamodaran.blogspot.com/2015/08/narrative-resets-revisiting-tech-trio.html We started with two conventional valuations, one of Con Ed, another of 3M. Start of the class test: www.stern.nyu.edu/~adamodar/pdfiles/eqnotes/storytest.pdf Slides: www.stern.nyu.edu/~adamodar/podcasts/valUGspr21/session14slides.pdf Post class test: www.stern.nyu.edu/~adamodar/pdfiles/eqnotes/postclass/session14aXtest.pdf Post class test solution: www.stern.nyu.edu/~adamodar/pdfiles/eqnotes/postclass/session14aXsoln.pdf
