Aswath Damodaran

speaker

1,201 appearances 7 recordings 3 series first heard May 2025 last heard 7 Aug

Aswath Damodaran’s voice in public audio — every appearance, attributed to the second.

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recordings per month · last 12 months

Recordings per month over the last 12 months — 6 in all, peaking in Nov 2025 with 2.

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So what

Why are we so I mean why all this hand wringing?

Why I mean what exactly are we accomplishing by spending so much time talking about this bubble?

So what if there's a bubble?

I'll tell you who's going to be hurt.

Two groups of people.

One are the people who've joined the market in the last year, the last couple of years.

Basically, you're getting in to the bubble as it's peaking.

The others, people who chase bubbles after they've happened, right?

People who move their money out of industrials into NVIDIA and Palatura in the last year or two.

There are two groups of people who are going to put it, and I think it's worth focusing on that.

Because investment.

Investors who've been in the market for the long term have benefited from the upside, and even if there's a correction.

I think many of them will look at what they have and relative to what they had in 2015 said, look, I'm still better off.

I'm still I've still earned a seven percent return.

I think the economic effects that Scott is talking about are much more uh uh are much more of an issue.

Much of the growth in the real economy this year has come from the CapEx going into these data centers in AI and taking it out will effectively mean

Then we've actually been in a recession.

That without it, we would have been in a recession.

And that might be much more of an issue there with this bubble than it even was with the dot-com bubble.

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