Smart Money vs Stupid Money. Humble Money vs Arrogant Money. By Aswath Damodaran.

In this lecture, NYU Professor Aswath Damodaran questions the myth of Smart Money and Stupid Money, analyses its origins and fallacies, clarifies investment trends (active vs passive investing) and shares his recommendations (Humble Money vs Arrogant Money).

As usual, he is a straight talker.
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Timestamps:
00:00 Intro
00:10 Smart Money
00:25 Stupid Money
01:00 The basis for the myth of smart money: anecdotal evidence
01:47 The basis for the myth of smart money: self promotion
02:10 The basis for the myth of smart money: academia
02:45 George Soros
02:57 The problem with Anecdotal Evidence
03:07 Statistics
04:18 Very selective story telling (ex Warren Buffett)
05:27 Time and space
06:32 My problem with investor track record: real or on paper?
07:15 Drains on Returns
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Note:
- Source: Nordic Business Forum: https://www.youtube.com/user/NordicBusinessForum
- In the interest of time and clarity, the original video interview has been edited and made shorter

#aswathdamodaran #valueinvesting #investing
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02) Fooled by Randomness. https://amzn.to/3ki2NaA
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Alex Baroni

Видео Smart Money vs Stupid Money. Humble Money vs Arrogant Money. By Aswath Damodaran. канала Sweat Your Assets