Real Vision's Jack Farley welcomes Aswath Damodaran, legendary professor of corporate finance at New York University's Stern School of Business, to discuss valuation techniques, Bitcoin, and the impact of inflation on market prices. Damodaran walks through the building blocks of fundamental valuation, examining discount rates, equity risk premiums, price to earnings ratio, and comparative valuation. He examines Bitcoin's performance during the height of the pandemic as well as the investment debate between growth and value stocks. Damodaran argues that currencies and collectibles can only be priced—not valued. Specifically, he states that, unlike gold, Bitcoin is an ineffective collectible because it failed to behave independently of the stock market during the pandemic downturn. Furthermore, he explains the impact that inflation has on equity valuations and Federal Reserve actions. Filmed on June 3, 2021. Key Learnings: Damodaran explains the mindset behind effective investing. He argues that analysis is not complete when an investor finds a company overvalued or undervalued because it is a singular judgment at a point in time. Damodaran believes that the mantra to buy quality companies leads investors to overpay for companies at prices that do not reflect intrinsic value. He stresses the idea that good companies can be bad investments while bad companies can be good investments at any point in time due to fluctuations in price.

Real Vision senior editor Ash Bennington welcomes Guy Swann, host of Bitcoin Audible, to discuss his background in cryptocurrency, views on Austrian economic theory, and thoughts on El Salvador's adoption of Bitcoin. Making his first investment in 2011, Swann was an early believer in Bitcoin's power to revolutionize the financial world. Swann argues that the principles explained in Austrian economic theory support a bullish outlook on the future of Bitcoin. Furthermore, Swann believes that El Salvador's adoption of Bitcoin sets a precedent for developing countries looking to gain monetary independence. As more countries adopt Bitcoin as legal tender, Bitcoin's volatile prices will stabilize, which supports the argument that Bitcoin can act as a currency. Filmed on June 9, 2021. Key Learnings: Swann argues that Bitcoin will disrupt finance in the same manner that the Internet changed the flow of information. The decentralization that results from using Bitcoin will allow overlooked segments of the global population to gain access to a financial system that is protected from central bank influence and politics. As the financial world undergoes a transformation, Swann states that volatility in Bitcoin’s price is expected until there is widespread adoption by sovereign nations.

Real Vision senior editor Ash Bennington welcomes Guy Swann, host of Bitcoin Audible, to discuss his background in cryptocurrency, views on Austrian economic theory, and thoughts on El Salvador's adoption of Bitcoin. Making his first investment in 2011, Swann was an early believer in Bitcoin's power to revolutionize the financial world. Swann argues that the principles explained in Austrian economic theory support a bullish outlook on the future of Bitcoin. Furthermore, Swann believes that El Salvador's adoption of Bitcoin sets a precedent for developing countries looking to gain monetary independence. As more countries adopt Bitcoin as legal tender, Bitcoin's volatile prices will stabilize, which supports the argument that Bitcoin can act as a currency. Filmed on June 9, 2021. Key Learnings: Swann argues that Bitcoin will disrupt finance in the same manner that the Internet changed the flow of information. The decentralization that results from using Bitcoin will allow overlooked segments of the global population to gain access to a financial system that is protected from central bank influence and politics. As the financial world undergoes a transformation, Swann states that volatility in Bitcoin’s price is expected until there is widespread adoption by sovereign nations.

As major world economies speed up their efforts to deal with climate change, INK Research takes a look at how a small Canadian mining company is trying to capitalize on the opportunity.