Clay is joined by Aswath Damodaran to discuss his new book, The Corporate Life Cycle.  Aswath Damodaran is a professor at NYU of corporate finance and valuation and has taught thousands of students how to value companies and pick stocks.  He has written numerous books on valuation and has also made all of his university courses available online for free. Aswath is one of the clearest teachers of finance and investing in the industry. IN THIS EPISODE YOU’LL LEARN: 00:00:00 - Intro 00:00:35 - The Corporate Life Cycle 00:02:12 - Young Companies vs Mature Companies 00:09:09 - Shareholder Value & Stakeholders 00:13:50 - Venture Capital Investing 00:17:57 - Value Investing vs Growth Investing 00:22:11 - Pricing 00:25:18 - Tesla 00:37:29 - Optionality 00:41:28 - Management 00:43:30 - Blackberry Case Study 00:47:38 - The Decline Phase 00:52:57 - Why we shouldn’t use the 100 Baggers approach 01:00:22 - S&P 500 Expected Returns 01:06:31 - How to get the book 🤝 Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Clay and the other community members: https://theinvestorspodcast.com/mastermind 📚 Start accelerating your learning journey today. Sign up and listen to Richer, Wiser, Happier for free at https://theinvestorspodcast.com/audible 💰Click here to download your FREE guide to Stop Worrying About Your Finances In 4 Simple Steps: https://www.theinvestorspodcast.com/subscribe-youtube/ ▶️ RELATED EPISODES: - Unlocking the Secrets of Valuation in This Masterclass w/ Aswath Damodaran: https://youtu.be/KaD0qFJhceo - Valuation Lessons You Must Know | The Little Book Of Valuation By Aswath Damodaran: https://youtu.be/nkEJCtf5PLo - Valuation Lessons, Investing, & Life w/ Aswath Damodaran: https://youtu.be/caHm_2U9pUA - Warren Buffett’s Purchase of Taiwan Semiconductor Manufacturing | Ticker TSM: https://youtu.be/KXcm_Kr-vBo 🎧 Listen to our episodes here: https://open.spotify.com/show/28RHOkXkuHuotUrkCdvlOP 🖊️ Access the transcript and learn more about the guest here: https://www.theinvestorspodcast.com/episodes/investing-across-the-life-cycle-aswath-damodaran/ 📖  BOOK MENTIONED: - The Corporate Life Cycle by Aswath Damodaran: https://amzn.to/3Ap3c31 Disclosure: Some of the links above are affiliate links that we may earn commission from. This helps keep our show going! 😀 💡 OTHER RESOURCES - Seeking Alpha is a crowd-sourced content service for financial markets. Take control of your financial future — Use our link here for a 14-day free trial: https://www.sahg6dtr.com/59QC8Z/R74QP/ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ABOUT OUR SHOW 🎙  On We Study Billionaires, we interview and study famous financial billionaires including Warren Buffett, Bill Gates, and Ray Dalio. We teach you what we learn and how you can apply their investment strategies in the stock market. 🌍 Website: https://www.theinvestorspodcast.com/we-study-billionaires/  📝 Help us understand our audience better so we can create a more intentional user experience by answering this survey! https://www.theinvestorspodcast.com/survey2023-youtube ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ 📚OUR FREE INVESTING COURSES/RESOURCES https://www.theinvestorspodcast.com/tip-academy/ 📊TRY OUR STOCK INVESTING TOOL: TIP FINANCE https://www.theinvestorspodcast.com/tip-finance/ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ❗ DISCLAIMER: This show is for entertainment purposes only. Before making any decisions consult a professional. This show is copyrighted by The Investor’s Podcast Network. Written permission must be granted before syndication or rebroadcasting.