That prof is nuts. 
He has Bloomberg terminal access (Monthly $24000 subscriptions), runs all statistics for economy etc as this is his management business classes.
I missed reading his documents, came to know recently his post of shorting (after the fact)! My mistake !!
He is too good on valuation and he is nutty in calculations. He has posted when he shorted first and explained at that time itself. Then releasing time.
Practically, he did that shorting perfect timing and releasing perfect timing. He would have almost made multi-millions with his knowledge - for sure.
When he does those and practically showing how he did, making money, it has value. Above all, it is not so easy to do with market like this.
Most of the Millennials follow him, basically his studentsâŚ
Aswath Damodaran has been incorrect on FB and others in the past.
Yes, no one can be right all the time! He is right on AAPL and AMZN, that is all !
Good piece:
We have now established $1500 as the absolute maximum price for an iPhone. The era of relentlessly increasing ASP has ended.
On the other hand only 10B out of 80B revenue comes from services. Services is simply too small a base to make up for any hiccup in hardware sales, and it shows perfectly today. To make up for the 5B lost in iPhone sales, services would have to make 50% more in a quarter. That shows the scale we are taking about.
Thatâs why I have been saying âApple as a service companyâ narrative is bullshit. The mismatch in scale is just too big.
Exactly⌠just because he teaches Finance?? at NYU does not mean he is God.
No one told here he is GOD ! If you assume, based on my postings, you are biased against him, that is all.
All he has given is some analysis, it is up you to do research, analysis on our own. If that analysis helps, you get benefited. It if it is wrong, it is up to you to ignore it.
After that fact, I find him right, it does not mean he is always right !
It is our money and our decision.
ok dude youâre rightâŚ
Manch analyses like an UCLA graduate, sound like 108 instead of 128 
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Are you saying manchâs IQ is only 108?
I do graduate level math and physics for leisure though. 
What is Aswathâs long term investment returns?
.
I read philosophy for leisure 
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I came to know about him from his book âValuation-purchased from Amazonâ, looks like he has been with stocks longer time.
I had the same idea that nutty professors are always have bookish knowledge (not practical) until my friend texted me that this person shorted (gave the link) with perfect timing !
Now, I am making a point that I read his pages regularly (better late than never).
Second, I do not look at what he made from stocks, waste of time taking statistics, but read some of his analysis to know about company valuation.
Thatâs so sad. Try some hanky-panky for leisure instead.
Looks like AAPL gave you enough comfort to read philosophy 
Get so comfy that I didnât bother to look at the chart properly, missed the big bearish divergence developed during Sep-Oct last year. Now looking for a bullish divergence.
I differ here. Read the details and let me know whether it is too conservative or something missing.
You are seeing technical side, but the change is fundamental (As per Tim Cook statement). Assume that apple iphones (Except new ones) are cut from mainland China, keeping all other products available for sales.
Here is my view (it may be right or wrong).
Appleâs major issue is China banning old iphones. China sales account 19.55% of iphone sales from mainland China.
See page 26 (for 19.55%) of this report https://s22.q4cdn.com/396847794/files/doc_financials/quarterly/2018/Q4/10-K-2018-(As-Filed).pdf
Since the Chinese court blocked old iphones (main cheap sales) based on QCOM challenge, which came middle of last qtr, Apple sales dropped 7 Billion. If it is full qtr, it would have been 14 Billion, almost 13%-14% sales target of apple.
With this, I cut short of future qtrs by 13.5% (balance 4.5% for other apple products) from last 4 qtr financial results. Apple is very likely meet 53B, 46B and 54B revenue for future qtrs other than current 84B.
If this figures are right, we are going back to Q1FY17, Q2FY17, Q3FY17, Q4FY17 range.
https://i.imgur.com/MuCC7c6.png
The Apple may worst touch $120 (lowest), best is $135(likely chances).
I may be right or wrong, review, monitor the trend how it goes.
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What are you differing? I didnât make any forecast.
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