Aswath Damodaran Says There’s No Place to Hide in Stocks
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What are Aswath Damodaran’s biggest concerns about the current stock market?
Mm. Our earliest childhood memories can feel so visceral. I have this memory of my mother standing on the beach, you know, the wind whipping her hair and her jacket, calling into the wind, with my siblings out in the lake and the dam, you know, looming in the distance. But none of these memories were true. This week on Explain It to Me from Vox. Why can't I remember being a baby?
Today's number sixty. That's the percentage of Americans who say they've had a paranormal experience. I was invited to go see a porn horror film, but Ed, I was too scared to come.
Listen to me. Markets are bigger than us. What you have here is a structural change in the world distribution. Cash is trash.
Stocks look pretty attractive. Something's gonna
break. Forget
about
it.
Oh, Ed, Ed. You don't use E D drugs yet, do you?
Not
yet. Oh my gosh. Got a lot of that in your future. Just a heads up. Just a heads up. It's coming, my friend. I can't wait. You
were about to hit me with a by the way. Was that your by the way? Speaking of uh
erectile dysfunction drugs.
Here it is.
Uh do you hear that Governor Newsom gave me a name checked me and said that I was a rock star when speaking to Jake Tapper?
Did he? Wow. I know I know he's name checked you before. That has happened. Um, but I didn't know he called you
a rock star. What was the context? He said that I'm I'm his fashion and aesthetics and fitness uh role model. Did you actually say that? Dude, have you met me? Have you met me? No, we're you know. The whole young man thing. I'm squeezing that lemon like there's no
tomorrow.
Well that's pretty good because I think he's gonna be president. Why do you say that? He's the rock star. As we discussed with with Bradley Tusk, there are three rock stars. Actually four rock stars. There's Mandani, there's AOC, there's Bernie Sanders, and there's Gavin Newsom. Gavin Newsom's the only one who could be president.
You mean he's the only one that's not fucking crazy? Um actually I I don't think Bernie's crazy. I love AOC too. I got so angry at the shutdown I committed on stage last night to giving a hundred thousand dollars to the To the AOC for Senate campaign if she announced she was primering Schumer in the next seven days. I am so anyway, we're not supposed to talk about politics. Advertisers hate politics. Tell
us about the live tour. You you're on tour for the show, for for the other show. The show that shall not be named.
Pivot Live. Start in Toronto on Saturday, then we did Boston on Sunday, and we did New York last night. And after this, I'm about to bomb on the train to DC, do DC tonight, then after the show, head to Chicago where we do a show um tomorrow. There's a lot of
shows. Trying, trying.
Different lesbian marriage jokes. So Straight people get married for kids, gays for aesthetics, and lesbians for that mid-century couch on Pinterest. And then when they get divorced, uh, there's an argument over who gets the couch in the Subaru and the way they decide is whoever's name is on the R E I loyalty card. I told that last night. I told that last night. Yeah. You got a good response? Yeah, you know. Um people look at each other like, is it okay to laugh? And then Kara laughs. One of the things I love about doing a podcast with Kara is that she gives everyone permission to laugh.
Hm. I also saw that a ten year old was there and asked you a question about um about dating. I thought that was kind of sweet. I didn't realize that there were ten year old fans of Pivot. Okay.
Hold on. Boston so far has taken the crown in QA, and we don't prepare for this, we don't plant the questions, people just line up with a mic. This one dude comes up and goes, I have a question for Kara and he goes, Actually, I mean Sarah and he turns around and gets on his h his knee and he proposed marriage. Wow. Yeah. So my love language is money, so I just reached into my pocket and took out all my money and gave it to them. And then the most adorable ten year old kid, I mean, this kid's out of central casting, right? He just such a so anyways, very just this lovely young man asked, he said, so cute, he said, I really like this girl.
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Chapters
8 chapters
1
What are Aswath Damodaran’s biggest concerns about the current stock market?
0:01–5:22
2
Is the AI sector in a bubble and how could it burst?
5:22–12:21
3
Which of the “Magnificent Ten” stocks are most over‑ or undervalued?
12:21–22:01
4
Why does Damodaran say there’s no place to hide in stocks during a correction?
22:01–30:39
5
Should investors move more money into cash, gold, or collectibles right now?
30:39–40:01
6
What practical steps does he recommend for young investors worried about AI‑driven job loss?
40:01–48:02
7
How can you protect your portfolio if you’re close to needing cash for life events?
48:02–57:06
8
What long‑term outlook does Damodaran have for markets and how should listeners prepare?
57:06–1:05:24
Speakers
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