Valuation & Corporate Finance The most-commonly used and perhaps the best resource to learn about corporate valuations is Professor Aswath’s Damodaran’s writings and courses. Prof. Damodaran teaches at NYU, and is widely regarded as the authority on valuation and corporate finance. You can either go through his video lectures or you can read his books . For video lectures, you can either see his full lectures (classroom lecture recordings) or smaller condensed lectures. I feel that the latter are enough to understand the basics, and you can watch the former if you want to see the principles being applied. If you are just starting out, the smaller lectures are advisable: [Short] Valuation [Short] Corporate Finance [Full] Valuation [Full] Corporate Finance If you prefer books, Damodaran on Valuation is an excellent book. A relatively lesser known book which I found really useful is Valuation: Measuring and Managing the Value of Companies by McKinsey & Co. I believ...
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Industry & Business Analysis An excellent way to learn industry and business analysis is to go through equity research reports by leading brokerages – particularly ‘Initiating Coverage’ reports. IC reports provide a comprehensive analysis of industries and businesses. Some of the reports can be found here: Trendlyne There are also some groups on Telegram which provide access to equity research reports. Here’s the link to one of them: Equity Research Reports Another great place is the ValuePickr forum. You can find several quality discussions on companies and industries here: ValuePickr Forum And here’s a good place to scan through financials of listed companies as well as look through key ratios, peer comparisons etc: Screener There are several other good books and blogs which deal with industry analysis. I have covered them in my other posts on this blog (links at the end of the post)
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