C LONG prediction · damodaran · Pending
Yesterday I did pull the trigger on City where I bought city city trades at a half of Book value it has below average returns and Equity it's it's well below it's cost of equity I did an intrinsic valuation of pricing and I said a bike City with City I'm less concerned than I am with a Regional Bank it's a national bank it's a boring starchy badly run back but it's priced to be an even worse boring horrifically run bank and if you can buy a bank that's badly ran and it's priced and it's horrifically right you're getting a bar... do I feel sure that I make money not in the least good City go to zero of course will that change my lifestyle not in the least again so to the extent that my bed stays small it allows me to make decisions on companies where otherwise would be paralyzed
- Channel
- damodaran
- Prediction date
- 2023-05-08
- Horizon
- 2028-05-08
- Instrument
- C · LONG
- Verdict
- Pending
- Outcome
- <strong>Horizon: </strong><span data-horizon-date="2028-05-08" data-lang-zh="0">2028-05-08 · <strong>617</strong> days remaining</span>
Source: Source · 1:00:45 ↗