IN THIS EPISODE, YOU’LL LEARN:
00:00:00 – Intro
00:00:07 – Aswath Damodara’s childhood and upbringing in India
00:03:15 – Aswath Damodara’s move to America
00:05:15 – How Aswath Damodara discovered his passion for teaching
00:08:20 – Why it’s so valuable to build unscheduled “day-dreaming time” into your day.
00:11:06 – Why it’s a competitive advantage to be a generalist in a world of specialists.
00:21:41 – What 42 years as a professor have taught Aswath about how to communicate.
00:29:08 – Why he’s intensely skeptical about the ESG movement.
00:39:46 – Why he owns no cryptocurrencies and views Bitcoin as a currency “for the paranoid.”
00:46:45 – Which investment principles guide him.
00:50:17 – How to identify the investment philosophy that fits best for you.
00:56:47 – How he values businesses by focusing on three key drivers above all else.
01:11:12 – Why he’s glad that he sold Amazon and Tesla, and how he hit the jackpot with Apple.
01:16:24 – Which investors he admires the most.
01:23:00 – Alibaba and China’s government
01:24:49 – Macroeconomics and Valuation
01:27:04 – Why he believes that macroeconomic forecasting makes soothsayers look good.
01:29:26 – How he maintains his serenity in difficult times, both in markets and life.
01:31:31 – Why it’s so important to spread your bets and not concentrate too aggressively.
01:35:08 – How “small, right” actions can have a massive impact on you and others.
01:44:50 – Why he treasures the freedom to speak his mind, quit his job, and walk away.
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🖊️ Access our free show notes and transcript here: https://www.theinvestorspodcast.com/richer-wiser-happier/meet-the-master-w-aswath-damodaran/
📖 BOOKS MENTIONED:
– Richer, Wiser, Happier by William Green – https://amzn.to/3JejudP
– Investment Fables by Aswath Damodaran – https://amzn.to/3EEnjbq
– The Little Book of Valuation by Aswath Damodaran – https://amzn.to/3OwTcYg
– Investment Philosophies by Aswath Damodaran – https://amzn.to/3L9SnCo
– Narrative and Numbers by Aswath Damodaran – https://amzn.to/3MqzLyb
– The Success Equation by Michael J. Mauboussin – https://amzn.to/3EA7oeg
Disclosure: Some of the links above are affiliate links that we may earn commission from. This helps keep our show going! 😁
▶️ PAST EPISODES MENTIONED
– 421 TIP. Expectations Investing w/ Michael Mauboussin – https://youtu.be/X1TsqgSGxSc
💡OTHER RESOURCES
– William’s Twitter Account – https://twitter.com/williamgreen72
– Aswath’s Website – http://people.stern.nyu.edu/adamodar/New_Home_Page/home.htm
– Aswath’s Blog – https://aswathdamodaran.blogspot.com/
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