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Aswath Damodaran on the Future of Business Education

Masters in Business

CHAPTER

The Importance of Quality in Investing

Academic research can do more damage than good when it goes into practice. I would argue that if you did a quality effect across the board, you're probably going to find a quality effect in large cap stocks and mid cap stocks. And much rather that that practitioners never read academic research and try to put into practice because in the process of putting into practice, they just ruin it.

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