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