Aswath Damodaran

And now I find myself increasingly going...

to calci and finding it is increasingly a better predictor the wisdom of crowds one what do you think of this phenomena and two what do you think uh calci and polymarket are both kind of threatening or flirting with the idea of going public and we've seen a massive i think transition of market capitalization from the betting companies to the prediction market so one

your view overall on a meta level of these prediction markets, and two, looking at these companies as potential stocks to own?

Are you saying that you would have been better off in the 60s just buying the S&P versus going into the alternative investment market with its fees?

You'd mentioned high margins.

A company that hasn't innovated, it doesn't adapt very quickly, is ripe for disruption.

Obviously, ground zero, you know, check, check, check, higher education.

And yet, applications up, margin power up,

Is it the fact that we have a duopoly?

Is it artificial scarcity?

One, I do not see anything resembling disruption in the numbers.

And two, is that a dangerous thing to say?

Like, what are your views

I just looked at all the data on applications.

There are some things happening.

People want to send their kids south.

They don't want them to send to a protest.

They want them to go to football games and join fraternities and sororities, not protests, is how I read.

The only thing I sussed out of the application trends.

But I see nothing, nothing indicating any sort of disruption that I won't say you've been predicting, but I've been predicting for a decade.