Session 6: Betas and Beyond

Podcast: Aswath Damodaran · Aswath Damodaran

Opublikowano: 2026-10-21

In this session, after a brief mop-up on why it is dangerous to deviate too much from the implied ERP, we talked about betas. In particular, we noted that estimating a beta by running a regression against a market index can yield junk, and we talked about alternatives. Some of these alternatives are built around estimating risk using something other than prices, and some are built around looking at total risk. We did end the session with ttalk about bottom up betas, focusing on defining comparable firms and expanding the sample. I did make a big deal about bottom...