VOL. XCIV, NO. 247

★ FINANCIAL TOOLS & SERVICES DIRECTORY ★

PRICE: 5 CENTS

Tuesday, October 28, 2025

Tool Comparison

Damodaran — Cost of Capital by Sector (US) vs r/SecurityAnalysis — Letters Wiki comparison

Compare pricing, supported platforms, categories, and standout capabilities to decide which tool fits your workflow.

Quick takeaways

Damodaran — Cost of Capital by Sector (US) adds Valuation Models, Financials, and Interest Rates coverage that r/SecurityAnalysis — Letters Wiki skips.

r/SecurityAnalysis — Letters Wiki includes Forums, Playbooks & Case Studies, and Newsletters categories that Damodaran — Cost of Capital by Sector (US) omits.

In depth comparison

Damodaran — Cost of Capital by Sector (US) logo

Damodaran — Cost of Capital by Sector (US)

pages.stern.nyu.edu

Editor’s pick Hands-on review

US industry-level WACC dataset compiled by Prof. Aswath Damodaran. Includes sector betas, cost of equity, cost of debt (pre/after-tax), capital structure weights, and industry counts. Updated annually (January snapshot). Best used as a sector baseline; company-specific WACC should adjust for firm capital structure, tax, and risk. See 'Cost of Capital Central' for methodology deep-dives.

Platforms

Web

Pricing

Free

Quick highlights

  • US industry table with: Industry, # of firms, Beta, Cost of Equity, E/(D+E), Std. Dev. in stock, Cost of Debt, Tax Rate, After‑tax Cost of Debt, D/(D+E), and WACC.
  • Direct Excel download (wacc.xls) for offline analysis.
  • Annual ‘Data used as of January’ snapshot; site also links to global datasets hub.
  • Methodology resources: lectures/notes on estimating beta, cost of equity, and WACC (bottom‑up betas, unlevering/re‑levering, ERP usage).

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r/SecurityAnalysis — Letters Wiki logo

r/SecurityAnalysis — Letters Wiki

reddit.com

Community‑maintained directory of investor/fund letters and reports, organized by year/quarter. Publicly viewable; edits limited to approved contributors. Links out to original PDFs/posts on managers’ sites. No data feeds, APIs, or exports—pure research reading list.

Platforms

Web

Pricing

Free

Quick highlights

  • Chronological index of letters grouped by year and quarter (2016→present in the wiki).
  • Publicly readable wiki page with edit permissions restricted to approved users/moderators.
  • ‘Others’ section pointing to classic collections (e.g., Austin Value, Nomad Partnership, Peter Lynch).
  • Direct outbound links to the letters on manager sites; useful for primary-source research.

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Where they differ

Damodaran — Cost of Capital by Sector (US)

Distinct strengths include:

  • US industry table with: Industry, # of firms, Beta, Cost of Equity, E/(D+E), Std. Dev. in stock, Cost of Debt, Tax Rate, After‑tax Cost of Debt, D/(D+E), and WACC.
  • Direct Excel download (wacc.xls) for offline analysis.
  • Annual ‘Data used as of January’ snapshot; site also links to global datasets hub.
  • Methodology resources: lectures/notes on estimating beta, cost of equity, and WACC (bottom‑up betas, unlevering/re‑levering, ERP usage).

r/SecurityAnalysis — Letters Wiki

Distinct strengths include:

  • Chronological index of letters grouped by year and quarter (2016→present in the wiki).
  • Publicly readable wiki page with edit permissions restricted to approved users/moderators.
  • ‘Others’ section pointing to classic collections (e.g., Austin Value, Nomad Partnership, Peter Lynch).
  • Direct outbound links to the letters on manager sites; useful for primary-source research.

Feature-by-feature breakdown

AttributeDamodaran — Cost of Capital by Sector (US)r/SecurityAnalysis — Letters Wiki
Categories

Which research workflows each platform targets

Shared: Education

Unique: Valuation Models, Financials, Interest Rates

Shared: Education

Unique: Forums, Playbooks & Case Studies, Newsletters

Asset types

Supported asset classes and universes

Stocks, Real Estate

Other

Experience levels

Who each product is built for

Beginner, Intermediate, Advanced

Beginner, Intermediate, Advanced

Platforms

Where you can access the product

Web

Web

Pricing

High-level pricing models

Free

Free

Key features

Core capabilities called out by each vendor

Unique

  • US industry table with: Industry, # of firms, Beta, Cost of Equity, E/(D+E), Std. Dev. in stock, Cost of Debt, Tax Rate, After‑tax Cost of Debt, D/(D+E), and WACC.
  • Direct Excel download (wacc.xls) for offline analysis.
  • Annual ‘Data used as of January’ snapshot; site also links to global datasets hub.
  • Methodology resources: lectures/notes on estimating beta, cost of equity, and WACC (bottom‑up betas, unlevering/re‑levering, ERP usage).

Unique

  • Chronological index of letters grouped by year and quarter (2016→present in the wiki).
  • Publicly readable wiki page with edit permissions restricted to approved users/moderators.
  • ‘Others’ section pointing to classic collections (e.g., Austin Value, Nomad Partnership, Peter Lynch).
  • Direct outbound links to the letters on manager sites; useful for primary-source research.
Tested

Verified by hands-on testing inside Find My Moat

Yes

Not yet

Editor pick

Featured inside curated shortlists

Highlighted

Standard listing

Frequently Asked Questions

Which workflows do Damodaran — Cost of Capital by Sector (US) and r/SecurityAnalysis — Letters Wiki both support?

Both platforms cover Education workflows, so you can research those use cases in either tool before digging into the feature differences below.

Do Damodaran — Cost of Capital by Sector (US) and r/SecurityAnalysis — Letters Wiki require subscriptions?

Both Damodaran — Cost of Capital by Sector (US) and r/SecurityAnalysis — Letters Wiki keep freemium access with optional paid upgrades, so you can trial each platform before committing.

How can you access Damodaran — Cost of Capital by Sector (US) and r/SecurityAnalysis — Letters Wiki?

Both Damodaran — Cost of Capital by Sector (US) and r/SecurityAnalysis — Letters Wiki prioritize web or desktop access. Investors wanting a mobile-first workflow may need to rely on responsive web views.

What unique strengths set the two platforms apart?

Damodaran — Cost of Capital by Sector (US) differentiates itself with US industry table with: Industry, # of firms, Beta, Cost of Equity, E/(D+E), Std. Dev. in stock, Cost of Debt, Tax Rate, After‑tax Cost of Debt, D/(D+E), and WACC., Direct Excel download (wacc.xls) for offline analysis., and Annual ‘Data used as of January’ snapshot; site also links to global datasets hub., whereas r/SecurityAnalysis — Letters Wiki stands out for Chronological index of letters grouped by year and quarter (2016→present in the wiki)., Publicly readable wiki page with edit permissions restricted to approved users/moderators., and ‘Others’ section pointing to classic collections (e.g., Austin Value, Nomad Partnership, Peter Lynch)..

Keep exploring

Curation & Accuracy

This directory blends AI‑assisted discovery with human curation. Entries are reviewed, edited, and organized with the goal of expanding coverage and sharpening quality over time. Your feedback helps steer improvements (because no single human can capture everything all at once).

Details change. Pricing, features, and availability may be incomplete or out of date. Treat listings as a starting point and verify on the provider’s site before making decisions. If you spot an error or a gap, send a quick note and I’ll adjust.