Aswath Damodaran

NYU finance professor Aswath Damodaran recently looked at the apparent disconnect between blockbuster sport franchise prices and earnings fundamentals, in an examination of how assets reach “trophy” status and what it means for determining their value.

An explosive report by activist short seller Hindenburg Research led Adani Group to shelve a planned US$2.5 billion equity sale and wiped $120 billion from the multinational conglomerate’s market value. While activist short reports should be taken with a grain of salt, market observers said, some of Hindenburg’s key claims are likely valid – including that Adani was vastly overpriced.