Aswath Damodaran is a Professor of Finance at the Stern School of Business at New York University (Kerschner Family Chair in Finance Education), where he teaches corporate finance and equity valuation. He is best known and famous as author of several widely used academic and practitioner texts on Valuation, Corporate Finance and Investment Management. Damodaran is widely quoted on the subject of valuation, with "a great reputation as a teacher and authority".[1] He has written several books on equity valuation, as well on corporate finance and investments.[2] He is also widely published in leading journals of finance, including The Journal of Financial and Quantitative Analysis, The Journal of Finance, The Journal of Financial Economics and the Review of Financial Studies.[3] He is also known as being a resource on valuation and analysis to investment banks on Wall Street.
People Trust Cryptocurrencies over Gold, Says Wall Street 'Dean of Valuation'
Jul 20, 2017 at 09:10 by Wolfie Zhao
Cryptocurrencies are quickly becoming a preferred alternative to gold for people who don't trust traditional fiat currencies, according to Aswath Damodaran, a professor of finance at the NYU's Stern School of Business.
A specialist in corporate finance and equity valuation, Damodaran is often cited by media as the "Dean of Valuation" on Wall Street.
It's against this backdrop that the finance expert recently remarked that cryptocurrencies could eventually replace gold or emerge as an alternative to legal currencies issued by central authorities.
"If you don't trust paper currency, historically what you've done is you dumped paper currencies [and] you bought gold," he said in the interview.
"Cryptocurrencies have taken the role of gold at least for younger investors, because they don't trust paper currencies."
Prieš pustrečio tūkstančio metų auksas pakeitė
mūsų gintarą.
Štai prūsai dar 1075-ais auksą ir sidabrą laikę už nieką.
Nuo gintaro iki bitcoin'o.
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