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Aswath Damodaran on the Future of Business Education

Masters in Business

CHAPTER

The Rise of Benevolent Dictionaries

Markets have a good sense to learn and adapt, but I don't think they do. What strikes me as amazing in markets is how much collective amnesia there is. So three months of Facebook going up and all of a sudden they've forgotten all the complaints they had at Facebook's bottom. Google in a sense created this process and people walked in. It's very difficult to re-lock that door.

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