The Corporate Life Cycle

ADVANCE PRAISE FOR THE CORPORATE LIFE CYCLE“There is no better guide to the world of finance than Aswath Damodaran. In this wonderful contribution, he creates a readable, rigorous and provocative guide to investing across the life cycle — a great guide for readers of all ages. “— Mihir Desai, Mizuho Financial Group Professor of Finance at Harvard Business School, author of The Wisdom of Finance“Most investors and executives understand that a company’s capital allocation, cost of financing, corporate governance, and valuation are essential to making smart investments. But few fully appreciate how these drivers change through a company’s life cycle. In The Corporate Life Cycle, Aswath Damodaran provides a lucid and detailed guide to the opportunities and challenges at each stage. This book is essential reading for investors and executives who seek to create value.”— Michael Mauboussin, Head of Consilient Research at Counterpoint Global, Morgan Stanley Investment Management.“You can’t skip a single class taught by my favorite Professor, Aswath Damodaran - and when he has a new book, it’s required reading for all investors!”— Meb Faber, co-founder and the Chief Investment Officer of Cambria Investment Management

Aswath Damodaran, known as “the Dean of Valuation,” is a Professor of Finance at the Stern School of Business at New York University, where he teaches corporate finance and equity valuation. He has published extensively in academic journals and written many books for practitioners. He is considered the world’s foremost expert on corporate valuation. He splits his time between New York City and San Diego.