The Corporate Life Cycle

By: Aswath Damodaran

Narrated by: Suyash Mohan

Throughout his storied career, Aswath Damodaran has searched for the universal key to demystifying corporate finance and valuation. Now, at last, he offers the groundbreaking answer to readers everywhere. It turns out there is a corporate lifecycle very much like our own, with unique stages of growth and decline. And just as we must learn to act our age, so too must companies. By better understanding how corporations age and the characteristics of each stage of their lifecycle, we can unlock the secrets behind any businesses’ behavior and optimize our management and investment decisions accordingly. As the corporate lifecycle touches virtually every aspect of business, this book is for anyone with skin in the corporate finance game―from managers to investors, from novices to seasoned pros.

Critic reviews

ADVANCE PRAISE FOR THE CORPORATE LIFE CYCLE

“There is no better guide to the world of finance than Aswath Damodaran. In this wonderful contribution, he creates a readable, rigorous and provocative guide to investing across the life cycle — a great guide for readers of all ages. “
— Mihir Desai, Mizuho Financial Group Professor of Finance at Harvard Business School, author of The Wisdom of Finance

“Most investors and executives understand that a company’s capital allocation, cost of financing, corporate governance, and valuation are essential to making smart investments. But few fully appreciate how these drivers change through a company’s life cycle. In The Corporate Life Cycle, Aswath Damodaran provides a lucid and detailed guide to the opportunities and challenges at each stage. This book is essential reading for investors and executives who seek to create value.”
— Michael Mauboussin, Head of Consilient Research at Counterpoint Global, Morgan Stanley Investment Management.

"You can't skip a single class taught by my favorite Professor, Aswath Damodaran - and when he has a new book, it's required reading for all investors!"
— Meb Faber, co-founder and the Chief Investment Officer of Cambria Investment Management