My name is Aswath Damodaran, and I teach corporate finance and valuation at the Stern School of Business at New York University. I am a teacher first, who also happens to love untangling the puzzles of corporate finance and valuation, and writing about my experiences. As a result, I happen to be at the intersection of three businesses, education, publishing and financial services, that are all big, inefficiently run and deserve to be disrupted. I may not have the power to change the status quo in any of these businesses, but I can stir the pot, and this website is my attempt to do so.

Broadly speaking, the website is broken down into four sections. The first, teaching, includes all of my classes, starting with the MBA classes that I teach at Stern and including the shorter (2-day to 3-day) executive sessions I have on corporate finance and valuation. You will find not only the material for the classes (lecture notes, quizzes), but also webcasts of the classes that you can access on different forums. I also have classes specifically tailored to an online audience on valuation, corporate finance and investment philosophies. The second, writing, includes links to almost everything I have written and continue to write, starting with my books and extending to my practitioner papers (on equity risk premiums, cash flows and other things valuation-related). The third, data, contains the annual updates that I provide on industry averages, for US and global companies, on both corporate finance and valuation metrics (including multiples). It is also where I provide my estimates of equity risk premiums and costs of capital. The fourth, tools, incorporates the spreadsheets that I have developed over time to value and analyze companies and short in-practice webcasts on how to analyze companies.

I have been told that my website is ugly, and I apologize for its clunky look and feel. While some of you have offered to make it look better for me, and I thank you for your kindness, I need to be able to tweak, modify and adapt the website as I go along and to do that, I have to work with what I know about website design, which is not much. You can try the search engine below and if that does not work, try this guide to the site.

我叫阿斯沃斯·达摩达兰，在纽约大学斯特恩商学院教授公司财务和估值。我首先是一名教师，碰巧也喜欢解开公司财务和估值的谜题，并写我的经历。结果，我正好处在教育、出版和金融服务这三种业务的交叉点上，它们规模都很大，运行效率很低，理应被颠覆。我可能没有权力改变这些企业的现状，但我可以搅动这个锅，这个网站就是我的尝试。

一般来说，这个网站分为四个部分。第一种是教学，包括我所有的课程，从我在斯特恩教授的MBA课程开始，还包括较短的(2- 3天)关于企业财务和估值的高管会议。你不仅可以找到课堂材料(课堂讲稿、测验)，还可以在不同的论坛上获得课堂的网络广播。我还专门为在线听众开设了关于估值、公司金融和投资哲学的课程。第二种是写作，包括我已经写过和继续写的几乎所有东西的链接，从我的书开始，延伸到我的从业论文(关于股票风险溢价、现金流和其他与估值相关的东西)。第三个是数据，包含我提供的美国和全球企业行业平均水平的年度更新，包括企业融资和估值指标(包括市盈率)。我也在这里提供我对股票风险溢价和资本成本的估算。第四个是工具，它包含了我在过去一段时间里开发的用来对公司进行估值和分析的电子表格，以及关于如何分析公司的实际网络广播。

我被告知，我的网站是丑陋的，我为其笨拙的外观和感觉道歉。虽然你们中的一些人提供了让它看起来更好的对我,我谢谢你的好意,我需要能够调整,修改和调整网站当我沿着,为此,我必须了解网站设计,并不多。你可以试试下面的搜索引擎，如果那不起作用，试试这个网站指南。

隐含股权风险溢价更新

Implied Equity Risk Premium Update