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During this interview with The Investor’s Podcast, Aswath Damodaran discusses overcoming investment blind spots by valuing companies you don’t understand. He says, Warren Buffett has been open about the fact that he didn’t invest in technology stocks enough. Here’s an excerpt from the interview: Damodaran: That’s why I said don’t … Read More

During this interview with ZoomStocks, Aswath Damodaran discusses the hard truth about active investing and the few things that can give an investor an edge. Here’s an excerpt from the interview: Damodaran: It happens, right? Crowds are not magical. They make mistakes. Markets make mistakes too. So that’s irrelevant, right? … Read More

During his recent presentation, Aswath Damodaran explains why it’s better to be lucky than to be smart or good. Here’s an excerpt from the presentation: Damodaran: Now, I’d like to start this session with a few confessions. The first is a boastful one. Which is, my portfolio has held its … Read More

In this interview with Everything Money, Aswath Damodaran explains why investors should keep it simple when investing, but not simplistic. Arguing that investors should only add detail to their analysis when it’s necessary to make an informed decision. Here’s an excerpt from the interview: Damodaran: I think you have to … Read More

During his recent presentation, Aswath Damodaran explains why the biggest sin in investing is arrogance. Here’s an excerpt from the presentation: Damodaran: If the greatest sin in investing is arrogance, markets exist to bring us back to earth and teach us humility. The first half of 2023 was a reminder … Read More

During this interview with Chartered Investor, Aswath Damodaran explains how stock valuation has changed over decades. Here’s an excerpt from the interview: Damodaran: Ben Graham actually listed 12 screens. It’s amazing how much of old-time value investing is stuck on those screens. So first let’s dispense with the notion that … Read More

In this interview with Kostadin Ristovski, Aswath Damodaran discusses how many stocks you should have in your portfolio. Here’s an excerpt from the interview: Damodaran: I think it’s a sign of arrogance when you say I’ve found the best company, because remember there are two things that have to hold … Read More

During his recent presentation to the CPA Society of New Zealand, Aswath Damodaran discussed his Bermuda Triangle of Valuation. Here’s an excerpt from the presentation: Damodaran: The three biggest enemies of valuation, and I call this the value… my Bermuda Triangle of valuation. Are bias, complexity, and uncertainty. Let me explain. … Read More

During his recent interview with Morningstar, Aswath Damodaran explained why investors should hang-out with people that disagree with them. Here’s an excerpt from the interview: Damodaran: I’ve learned some of the most valuable things in valuing companies from listening to people who disagree with me the most. Another hallmark of … Read More

During his recent interview with The Big Picture, Aswath Damodaran discussed the lack of rationality in investing. Here’s an excerpt from the interview: Damodaran: Behavioral and emotional factors play a much, much bigger role than economics and decision-making on economic decisions, starting with where you buy a house, how much … Read More

During his recent interview with Business Today, Aswath Damodaran explains why we have a ‘trust deficit’ that began in 2008. Here’s an excerpt from the interview: Damodaran: They can do that with the single institution, they can’t do it with institutions collectively. The reality is the regulators put together do … Read More

During his recent interview at the SKAGEN Funds New Years Conference 2023, Aswath Damodaran discussed the biggest mistake that investors make. Here’s an excerpt from the interview: I think most investors are traders, not traitors, but traders. In other words the essence of trading is you buy low, you sell … Read More

During this interview with The Millennial Investing Podcast, Aswath Damodaran discussed sticking to your philosophy of just buying the index. Here’s an excerpt from the interview: Damodaran: So to me sometimes companies make my list because I like to own them but I don’t like the price they’re at, but … Read More

During his recent Data Update 1 for 2023, Aswath Damodaran discusses the 3 sins of data analysis. Here’s an excerpt from the update: As I noted in my posts on data disclosure last year, this has led to at least three unhealthy developments. Data distractions: Faced with massive amounts of data, … Read More

During his recent interview with The Motley Fool, Aswath Damodaran explained why your best investment philosophy is the one that fits you. Here’s an excerpt from the interview: Damodaran: That’s why I end the book with a statement which is, the best investment philosophy is the one that fits you … Read More

In his recent presentation with the Nordic Business Foundation, Aswath Damodaran explained why you should think of investing as humble money versus arrogant money. Here’s an excerpt from the presentation: Damodaran: I’m going to suggest as a final point that rather than think of money as smart money versus stupid … Read More

In his recent interview with The Motley Fool, Aswath Damodaran explained why individual investors have a huge advantage of portfolio managers. Here’s an excerpt from the interview: Damodaran:  I think time is your ally, which means as an investor you need a long time horizon. The problem is we all … Read More

In his recent presentation at Valuation ConFab, Aswath Damodaran discusses the biggest reason for bad valuations. Here’s an excerpt from the presentation: Damodaran: The biggest reason for bad valuations is bias. You know what I mean by bias? When you sit down to value a business you almost never value … Read More

In his recent online lecture on Valuation, Aswath Damodaran recalls a story about his mother-in-law to illustrate how even the worst investors can get lucky. Here’s an excerpt from the lecture: And finally if you’re ever given a choice between understanding everything there is to understand about corporate finance and … Read More

In his recent interview with Lunches With Legends, Aswath Damodaran discussed the biggest misconception about valuing companies. Here’s an excerpt from the intervew: Damodaran: I think it’s not even drivers of value, they mistake what valuation is. I mean and I think it’s become worse over the last 40 years … Read More