Summary of Damodaran Google Video: Valuation in Four Lessons

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"Damodaran Google Video: Valuation in Four Lessons" Summary
* In "Damodaran Google Video: Valuation in Four Lessons," Aswath Damodaran presents his audience with various lessons regarding accounting and Valuation. In his presentation, Aswath emphasizes mistakes made by people regarding accounting. He denotes that narratives are crucial in businesses, but some are impossible and implausible. Through the descriptions, Aswath outlines four lessons that should be considered by individuals interested in accounting. These lessons include:
* Do not mistake accounting with finance. Aswath Damodaran warns his audience against perceiving accounting as finance as he denotes that the two are different. Aswath indicates, "accounting is backward-looking, nothing bad about that" (Damodaran 17:50). Accounting entails looking into the balance sheets and trying to balance the numbers. On the other hand, finance entails looking into the future, which involves focusing on cash flows into the business for better financial outcomes.
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