RWH005: Meet the Master w/ Aswath Damodaran

<p><strong>IN THIS EPISODE, YOU’LL LEARN</strong></p><ul><li>00:09:21 - Why it’s so valuable to build unscheduled “day-dreaming time” into your day.</li><li>00:13:17 - Why it’s a competitive advantage to be a generalist in a world of specialists.</li><li>00:18:29 - What 42 years as a professor have taught Aswath about how to communicate.</li><li>00:31:14 - Why he’s intensely skeptical about the ESG movement.</li><li>00:39:46 - Why he owns no cryptocurrencies and views Bitcoin as a currency “for the paranoid.”</li><li>00:44:21 - Which investment principles guide him.</li><li>00:46:20 - How to identify the investment philosophy that fits best for you.</li><li>00:52:07 - Why he’s glad that he sold Amazon and Tesla, and how he hit the jackpot with Apple.</li><li>00:54:49 - How he values businesses by focusing on three key drivers above all else.</li><li>01:19:58 - Which investors he admires the most.</li><li>01:23:20 - Why he believes that macroeconomic forecasting makes soothsayers look good.</li><li>01:25:06 - How he maintains his serenity in difficult times, both in markets and life.</li><li>01:27:07 - Why it’s so important to spread your bets and not concentrate too aggressively.</li><li>01:33:30 - How “small, right” actions can have a massive impact on you and others.</li></ul><p><br></p><p><em>*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.</em></p><p><br></p><p><strong>BOOKS AND RESOURCES</strong></p><ul><li>Aswath Damodaran’s YouTube channel, featuring his free <a href="https://www.youtube.com/c/AswathDamodaranonValuation/videos" rel="noopener noreferrer" target="_blank">videos on valuation</a>.</li><li>Aswath Damodaran’s website, <a href="http://people.stern.nyu.edu/adamodar/New_Home_Page/home.htm" rel="noopener noreferrer" target="_blank">Damodaran Online</a>, which includes his <a href="https://aswathdamodaran.blogspot.com/" rel="noopener noreferrer" target="_blank">blog</a>.</li><li>Aswath Damodaran’s <a href="https://www.youtube.com/watch?v=Z5chrxMuBoo"