What Do You Do If You Get Right Too Quickly? Professor Damodaran

Hello Listeners, Today is a very special episode with one of my all time favorites, Professor Damodaran. He teaches Corporate Finance and Valuation at the Stern School of Business at New York University. In this episode we discuss many topics with an emphasis on what makes a good investor and the need to be honest with yourself. 1:23 – Can you tell me about your background and what led you to finance and teaching? 1:44 – You recently came out with the 3rd edition of the “Dark Side of Valuation”, can you tell me the new updates? 3:46 – Should investors be afraid of uncertainty or embrace it? 4:45 – What are the core principles in determining intrinsic value? 6:51 – There is a chapter that I liked that talked about the difference between valuing and pricing, between an investor and a trader, can you talk about that? 8:47 – How should beginning investors or people in the profession stay honest and stay consistent with what they doing and within their process? 12:03 – How would you define skill in investing? 14:23 – What would your advice be for the millennials surrounded by all these financial products? 17:42 – Can you tell me more about your decision process (value relative to price)? 21:25 – What about when investors say let them ride? 25:05 – What are your views on factor based investing? 28:18 – Can valuation be automated? 32:10 – What are your views on short selling? 39:40 – How should beginning investors should view investing and preserving their worth? 44:19 – What are your favorite books? 48:06 – What are your hobbies? Enjoy and thanks for the listen!