Session 39 (of 42): Collectibles! @AswathDamodaranonValuation
Session 39 (of 42): Collectibles!  @AswathDamodaranonValuation
Uploaded March 2026 | Updated September 2026, 1 week ago
In this session, we focus exclusively on collectibles, an investment class that can only be priced, not valued, starting with gold, the longest standing collectible of all, before turning to crypto and other collectibles.
Playlist for class (Intro + 42 sessions): youtube.com/playlist?list=PLUkh9m2BorqnZGADa8cTzeJblmrZY_SqP&si=zI2pk17pJeld4nWR Slides: https://www.stern.nyu.edu/~adamodar/pdfiles/invphilslides25/session39.pdf
Post-class test: https://www.stern.nyu.edu/~adamodar/pdfiles/invphilcertificate/postclass/session39Ntest.pdf Post-class solution: https://www.stern.nyu.edu/~adamodar/pdfiles/invphilcertificate/postclass/session39Nsoln.pdf
Session 39 (of 42): Collectibles!Session 11: More on Growth and Terminal ValueCountry Risk: Determinants, Measures and Implications - The 2026 EditionChapter/Session 17: Investing in DeclineChapter/Session 14: Investment Philosophies 101Session 9 (of 42): Random Walks and MomentumChapter/Session 1: The Search for a Unifying TheorySession 13: Dealing with uncertainty and more project analysesSession 31 (of 42): Market Timing - Non-financial and technical indicatorsData Update 6 for 2026: In Search of Profitability and Value!Chapter/Session 3: The Corporate Life Cycle - Measures and DeterminantsSession 28 (of 42): Close Enough - Near Arbitrage
Aswath Damodaran |

Session 39 (of 42): Collectibles!

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