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Aswath Damodaran Books

1 book·~10 min total read

Aswath Damodaran is a Professor of Finance at the Stern School of Business at New York University. Known as the 'Dean of Valuation,' he is an expert in corporate finance and equity valuation and has authored several influential books on finance and investing.

Known for: Narrative and Numbers: The Value of Stories in Business

Books by Aswath Damodaran

Narrative and Numbers: The Value of Stories in Business

Narrative and Numbers: The Value of Stories in Business

finance·10 min read

In this book, Aswath Damodaran explores how storytelling and data analysis intersect in the world of business valuation. He argues that while numbers provide rigor, narratives give meaning, and the most compelling business cases combine both. Through case studies of companies like Uber, Amazon, and Tesla, Damodaran demonstrates how to craft narratives that are grounded in data and how to test stories with numbers to create more credible valuations.

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Key Insights from Aswath Damodaran

1

The Power of Narratives

Stories have always been the currency of persuasion. In business, they frame how we perceive opportunity and risk. I begin my analysis of narratives by admitting that they often precede numbers—before anyone runs a discounted cash flow model on a startup, there is a story about what that startup mig...

From Narrative and Numbers: The Value of Stories in Business

2

The Role of Numbers

Numbers bring discipline. They remind us that every dream must confront constraints—cash flows, margins, market size, and risk. In teaching valuation, I often use numbers as a mirror: they reveal whether the story we believe in can survive the hard light of reality. Numbers root valuation in evidenc...

From Narrative and Numbers: The Value of Stories in Business

About Aswath Damodaran

Aswath Damodaran is a Professor of Finance at the Stern School of Business at New York University. Known as the 'Dean of Valuation,' he is an expert in corporate finance and equity valuation and has authored several influential books on finance and investing.

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Aswath Damodaran is a Professor of Finance at the Stern School of Business at New York University. Known as the 'Dean of Valuation,' he is an expert in corporate finance and equity valuation and has authored several influential books on finance and investing.

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