The Prof G Pod with Scott Galloway

Love in the Time of Corona

10 snips
Mar 19, 2020
In this insightful conversation, Aswath Damodaran, a noted Finance Professor at NYU Stern, shares his expert views on navigating the volatile markets shaped by the COVID-19 pandemic. He breaks down the emotional toll on investors and categorizes companies by their market resilience. The discussion also addresses the unique challenges recent graduates face, particularly in investment banking, while examining the need for personal financial preparedness. Damodaran emphasizes the importance of emotional resilience and community support in these uncertain times.
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ADVICE

Crisis Management

  • In a crisis, the leader must directly address the issue.
  • Acknowledge the problem and overcorrect, prioritizing trust.
ADVICE

Job Market Advice for Grads

  • Investment banks rarely rescind offers, even in recessions.
  • Focus on gaining experience and exploring different career paths.
ANECDOTE

Investment Banking Experience

  • Scott Galloway's first job was at Morgan Stanley, inspired by his roommate's ambition.
  • He disliked investment banking but valued it as a training ground.
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