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 monthsRecordings per month over the last 12 months — 6 in all, peaking in Nov 2025 with 2.
Appearances
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The hood, right?
It's uh so if I were if I had a ch uh a son or a daughter as a portfolio manager, I'd say, look, you know, pile into with the momentum because even if you're wrong, you like lots of company when you're wrong, and nobody gets fired when ninety percent are wrong.
But if you have a contrarian path and you decide to sell short on the Max seven and you turn out to be wrong.
You lose your job.
So I think the way we and and that's why i it's only people like Michael Burry who can do this, I'm gonna sell short, because they're not managing conventional money.
They've not and they've got a subset of clients who bought into their
the into what they do, but you can't do this if you're a big portfolio manager, big endowment fund.
Because the way you get judged, way you get rewarded and punished essentially keeps you on that stay with the crowd.
Even if that crowd is wrong, it's better to be with the crowd and be wrong than to break away from it.
what would be your advice?
You can control only what you can control.
So if uh my advice is take your job, take a look at what you do.
If 99, 98, 97% of what you do is mechanical, whether AI is here or not, you're asking to be replaced by a machine.
So try to create a component of what you do that is going to be difficult for a machine to do.
I mean, I give I gave a talk right after, you know, about AI bots because I had an AI bot that was trying to replicate me.
And I said, look, I'll make your job easier.
Here are the things that I do that you can replicate.
Those data sets that I upgrade every year.
Hey, you can do that very simply yourself.
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