Aswath Damodaran on the Difference Between Pricing a Company and Valuing One, and More
The Motley Fool
FEBRUARY 10, 2024
Yahoo was founded in 1992, peaked in 1999, started its decline in 2003, died in 2015. A company is a legal entity. Market mistakes become bigger than active investors come in again. Think of the Gs, the GMs, the Fords, the company that built the 20th century had long life cycles so you could get away with mean reversion.
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