Stern School of Business Professor Aswath Damodaran says it's important not to abandon valuation fundamentals.
The NYU professor applies a common-sense, mathematical approach to challenge general “rules of thumb” of valuation while still using accepted methodologies, such as the discounted cash flow model.
For Facebook’s share price, Professor Aswath Damodaran of the Leonard N. Stern School of Business at New York University sees investors confusing corporate valuation with market pricing. Damodaran will be speaking in Singapore at the 66th CFA Institute Annual Conference.