We explain the approach to valuing the S&P 500 developed by NYU Professor Aswath Damodaran a co-author with our senior advisor Professor Bradford Cornell, and explain its relevance to current market conditions.
Economic Insights
CORNELL CAPITAL GROUP
Download Memo as PDF Efficient markets If markets are efficient in that prices always reflect fair value and expected returns on stock are constant, why would anyone need an investment manager? There are two answers. The first, put forth by Sandy Grossman and Joe Stiglitz, is that a truly efficient market is a contradiction
Senior Advisor, Prof. Bradford Cornell, was quoted in the Wall Street Journal regarding his work with Prof. Aswath Damodaran on ESG investing. “The implicit promise of ESG investing is that you can do well and do good at the same time. Investors presume they can make a market return while advancing causes such as lowering carbon
We are happy to report that the entire “Reflections on Investing” series is now available as podcast on Apple Podcasts and Spotify. Click on your preferred platform below to listen. Be sure to add the show to your library to stay updated with future episodes. In other podcast related news, CCG senior advisor Prof. Bradford Cornell
Finance theory in recent years has stressed the importance of changes in the discount rate for explaining movements in stock prices. In this video, we describe how this works using data provided by Prof. Aswath Damodaran. You can find both Damodaran’s annual paper on the equity risk premium and his calculation of the ERP for
Relative price changes, changes in the price of one good or service relative to others, are often confused with inflation but are fundamentally different. This difference can lead to a misunderstanding of the causes of inflation. In this video, we explain the difference and what it implies for policies to control inflation.
Page [tcb_pagination_current_page] of [tcb_pagination_total_pages]