If world leaders had been shares, Donald Trump can be Tesla, unstable and headline-grabbing, whereas Xi Jinping would resemble a steady however ruthless blue chip, in response to NYU finance professor Aswath Damodaran.
In a podcast with NDTV, Damodaran provided a financial-market lens on world energy figures, evaluating their personas and methods to shares.
“Trump is a high-risk, high-volatility inventory. He’s Tesla on a worldwide stage,” Damodaran stated, drawing a parallel to Elon Musk’s unpredictability. “Two days in the past, Elon stated Tesla is a robotics firm. I believed it was an electrical automotive firm.”
In distinction, China’s President Xi Jinping is “a really predictable inventory,” Damodaran stated—until challenged. “He’s ruthless concerning the endgame and can play it by,” he famous, including that when considering of China, he’s reminded of Thanos from the Avengers—“with a click on of the fingers.”
Prime Minister Narendra Modi, Damodaran stated, is the “lead vendor” of India’s financial story. “If Modi had been a inventory, it could be a development inventory like Palantir—a lot of potential, however a lot nonetheless has to play out.”
Damodaran, who has authored a number of books on fairness valuation and company finance, believes Indian equities are overvalued however stay enticing. “It’s going to proceed to stay scorching for a while,” he stated. “When you’re not in India, you’ll be left behind—like not proudly owning Nvidia within the AI growth.”
He additionally cited regulatory constraints on outbound investments as a cause Indian capital will largely keep onshore, preserving home markets buoyant.
On Russia, Damodaran stated President Vladimir Putin stays an influence heart primarily attributable to army energy. “Putin is a survivor… he doesn’t conceal behind politeness, not like the Chinese language. In some ways, he’s simpler to learn.”
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