The instant availability of data has led to an abundance of information, creating a challenge to convert data into usable information. The abundance of data has led to people resorting to mental shortcuts and simplistic rules due to the overwhelming nature of the data. The key challenge lies in figuring out how to convert the mountains of available data into usable information through disciplined and structured thinking to facilitate day-to-day investing and valuation.
Want to follow the great investors? Then good luck beating the market.
Aswath Damodaran is a Professor of Finance at the Stern School of Business at New York University. Bill Mann caught up with Damodaran for a conversation about:
- Corporate lifecycles, and why investors should understand them.
- The problem with trying to follow great investors.
- The fall of research analysts, and the rise of passive investing.
- An investing lesson from Charlie Munger.
Companies mentioned: TSLA, META, BIRK, DIS, NOK
Host: Bill Mann
Guest: Aswath Damodaran
Producer: Ricky Mulvey
Engineers: Dan Boyd, Desireé Jones
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