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On valuations: it's back to basics amid Covid-19

Unlike other crises, this one was not a full-scale panic where all stocks were punished indiscriminately

"The cautionary tale coming out of this crisis is companies should be much more careful about pushing the financial leverage button to obtain growth. This is the dark side of debt. Aswath Damodaran

CORPORATE finance guru Aswath Damodaran had some advice for the audience at the 73rd CFA Institute Annual Virtual Conference: Don't abandon valuation fundamentals during the Covid-19 crisis.

"It is precisely times like these that matter most," he said. "You need to go back to the first...

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