Valuation is a craft that you learn by doing.
“In a science, if you get the inputs right, you should get the output right. The laws of physics and mathematics are universal and there are no exceptions. Valuation is not a science. In an art, there are elements that can be taught but there is also a magic that you either have or you do not. The essence of an art is that you are either a great artist or you are not. Valuation is not an art. A craft is a skill that you learn by doing. The more you do it, the better you get at it. Valuation is a craft.”
Aswath Damodaran, professor, NYU Stern School of Business
Starting on March 2nd, we will run a 13-week long replicated class of Aswath Damodaran’s Valuation, imitating a real-life experience of his MBA students at the New York University Stern School of Business. We will cover Discounted Cashflow Valuation, Relative Valuation and Private Company Valuation as well as Real Options, Acquisition Valuation and Value Enhancement.