The so-called “Dean of Valuation,” Aswath Damodaran, has gotten valuations of fast growing and/or disruptive companies like Amazon and Tesla and Netflix wrong
To be more accurate and fair, Aswath has owned Amazon several times and Tesla as well as recently as 2020. His Feb 2022 post specifically showed that Amazon was undervalued at $3068. Obviously we all should have bought Amazon 20 years ago and never sold [or 15 or 10…]
In Aug/Sept 2020 he said NFLX was overvalued at $445. It is now $363. Seems like he nailed that valuation. And he’s far from the only one worried about their ever-higher scaling content costs.
He also did very well owning FB, AAPL, and MSFT over the years, all disruptive firms.
Not every top valuation expert/investor is going to get every analysis right of every company: Saul got in MNDY at 360, it’s now $148. AMPL he got in at $54 and took a big loss on, now $18 and he’s sold out previously. S from $47 to $35. SNOW from $338 to $211. Etc.
Nobody’s perfect.