ValueWalk's Raul Panganiban interviewed Professor Aswath Damodaran, discussing how he defines skill in investing, advice for millennials, there is no free dinner, if value is relative to price, and being biased in an investment. This interview was recorded in May 2018 and was recently transcribed.
- See part 1 here.
- See part 3 here.
- See part 4 here.
Q1 hedge fund letters, conference, scoops etc

So I was going to ask you like how do you define skill in investing then?
I couldn’t because I really don’t know, because there’s no such thing, this is not tennis or basketball...

