Aswath Damodaran doesn’t *quite* agree with Bernstein’s bashing of DCF models under zero rates

After reading through Bernstein’s thoughts on the problems with Discounted Cash Flow modelling in a world of zero rates — namely that “if it is not possible to put a ‘price on time’ then there is a genuinely intellectually painful environment where model structure is called into question” — we decided to ask Aswath Damodaran, Professor of Finance at the Stern School of Business at NYU, what he thought.

In summary… he was not impressed.

Continue reading: Aswath Damodaran doesn’t *quite* agree with Bernstein’s bashing of DCF models under zero rates

After reading through Bernstein’s thoughts on the problems with Discounted Cash Flow modelling in a world of zero rates — namely that “if it is not possible to put a ‘price on time’ then there is a genuinely intellectually painful environment where model structure is called into question” — we decided to ask Aswath Damodaran, Professor of Finance at the Stern School of Business at NYU, what he thought.

In summary… he was not impressed.

Continue reading: Aswath Damodaran doesn’t *quite* agree with Bernstein’s bashing of DCF models under zero rates

Bernstein questions foundation of finance. Again.

Bernstein, having tried to slap down passive investing as the road to serfdom, has now set itself against DCF models in a zero rate world.
Continue reading: Bernstein questions foundation of finance. Again.

Bernstein, having tried to slap down passive investing as the road to serfdom, has now set itself against DCF models in a zero rate world.

Continue reading: Bernstein questions foundation of finance. Again.