Practical Lessons from Aswath Damodaran
Two Quants and a Financial Planner
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Navigating Investment Philosophies
This chapter explores the contrasting approaches of value and active versus passive investing, emphasizing the necessity for flexibility and open-mindedness in one's investment strategy. It highlights the dangers of elitism, dogmatism, and echo chambers within investor communities, encouraging a respectful consideration of diverse viewpoints. The discussion also addresses the implications of market dynamics and technological advancements on the future of active management in an increasingly passive landscape.
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