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Truth Bombs from Aswath Damodaran

The Morning Brief

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Macro Story

We need a more complete story, stor es that are not just maccrow stories. And let's not just blame indian investors. People have been doing this around the world. In fact, for a decade, people have invested in chinese companies based on a macro story. China is a big market and wegon to make a lot of money because it's incredibly lazy and sloppy tru so i think not only do we need to test these stories, we need to make them complete business stories.

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