Aswath Damodaran on the Future of Business Education
Masters in Business
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The Difference Between Price and Valuation
There are a lot of people who use betas now, but they don't understand the core assumption you need to get to measure risk. "The models catch up faster than the underlying logic," he says. If somebody sees a factor model and they see a factor making money, there's an ETF that's get sounded on the factor. Greed drives everything."
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