Summary of Narrative and Numbers

Looking for the book?
We have the summary! Get the key insights in just 10 minutes.

Narrative and Numbers book summary
Start getting smarter:
or see our plans

Rating

8 Overall

8 Applicability

7 Innovation

9 Style


Recommendation

Numbers are nothing without a story, and a story needs numbers to back it up. So says New York University finance professor Aswath Damodaran in this illuminating guide to valuing companies. He offers step-by-step instructions on figuring out how much you should pay for shares in Amazon, Uber or any other enterprise. Damodaran provides an intriguing, insightful look into combining number crunching with storytelling. While never giving investment advice, getAbstract recommends his manual to investors and managers seeking to master the use of storytelling in investing.

In this summary, you will learn

  • How to use the power of storytelling and numbers,
  • Why valuation models are valuable but imperfect, and
  • Why you should listen to those who disagree with your story.
 

About the Author

Aswath Damodaran is a professor of finance at New York University’s Stern School of Business. His books include Applied Corporate Finance and The Little Book of Valuation.

 

Summary

“Two Tribes”

From a young age, people divide into two distinct groups: One tribe focuses on numbers, the other on storytelling. Children who are adept with figures tend to study engineering, math or accounting. Pupils who struggle with math but thrive on words belong to the tribe of storytellers. They study history, literature or philosophy. As both groups enter the workforce, they belong to separate clans who can scarcely communicate with one another, let alone build mutual trust.


More on this topic

By the same author

Strategic Risk Taking
Strategic Risk Taking
8
Investment Philosophies
Investment Philosophies
6

Customers who read this summary also read

Play Bigger
Play Bigger
8
Powered by Storytelling
Powered by Storytelling
8
What Really Matters for a Premium IPO Valuation?
What Really Matters for a Premium IPO Valuation?
8
The Physics of Brand
The Physics of Brand
8
Competing Against Luck
Competing Against Luck
9
One Perfect Pitch
One Perfect Pitch
7

Related Channels

Comment on this summary