Third Quarter 2024 Review — ft. Aswath Damodaran | Prof G Markets

This week on Prof G Markets, Scott and Ed open the show by discussing Governor Newsom’s proposal to increase tax incentives for movie production in California, Boeing’s stock sale, Robinhood’s new election contracts, and the volatility in Trump Media’s stock. Then Aswath Damodaran returns to the show to map out the road ahead for some of the “fallen angels,” including Nike, Starbucks, Estée Lauder, Boeing and Intel. He discusses his philosophy on succession planning, shares his thoughts on Tesla’s most recent earnings, and breaks down how he’s thinking about the upcoming election as an investor.

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Timestamps:
00:00 - Today's number
00:23 - Today's episode
02:16 - Headlines
15:09 - Break
15:25 - Third Quarter 2024 Review — ft. Aswath Damodaran
15:39 - What are your thoughts on Nike?
18:02 - Is the idea of “brand as moat” an outdated concept in 2024?
20:22 - Should Nike be prioritizing targeting younger customers?
21:18 - What are your thoughts on Intel and Boeing?
26:22 - What are your thoughts on Estee Lauder and Disney?
30:27 - What’s your view on internal versus external hires?
33:14 - What are you looking for in the upcoming big tech earnings?
34:39 - Will you be paying attention to what these big tech earnings say about Nvidia?
35:42 - Break
35:55 - What are your thoughts on the most recent Tesla earnings?
38:14 - What did you think about the AI robots at Tesla’s “We Robot” event?
40:24 - What are thoughts on Uber’s potential acquisition of Expedia?
41:31 - Why are you against a breakup of Google?
43:56 - Are there any sectors or companies that stand out to you as dramatically oversold?
45:24 - What is on your mind, as an investor, as we approach the election?
47:08 - Are you thinking about the election when it comes to your own investment strategy?
48:11 - Break
48:21 - Algebra of Wealth

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Headlines:
California Governor Proposes $750 Million in Annual Film Tax Credits
https://www.nytimes.com/2024/10/27/mo...

Boeing Raises $21 Billion in Capital to Repair Balance Sheet
https://www.bloomberg.com/news/articl...

Robinhood jumps into election trading, giving users chance to buy Harris or Trump contracts
https://www.cnbc.com/2024/10/28/robin...

Trump’s stock surges as traders predict an election victory
https://www.cnn.com/2024/10/28/busine...

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