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Aswath Damodaran: The Essence Of Being A Good Investor Is Learning What Makes You Tick

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Jacob Wolinsky
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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.

Q1 hedge fund letters, conference, scoops etc

Breach Inlet Capital Aimia
mohamed_hassan / Pixabay

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...

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Jacob Wolinsky is the ex-Founder of Valuewalk.com (founded 2011, sold 2023). He is founder of HedgeFundAlpha (formerly ValueWalk Premium), a hedge fund focused intelligence service for institutional investors. Prior to founding Valuewalk, Jacob worked as an equity analyst covering small caps, a micro-cap analyst, doing member development a large hedge fund community and freelance financial writing. Jacob lives with his wife and five kids in Passaic NJ. - Email: jacob(at)hedgefundalpha.com. For confidential inquires email me for my Signal id. Other methods of secure communication are also available. FD: I almost exclusively avoid the purchase of equities to avoid conflict of interest and any insider information. I only purchase broad-based ETFs and mutual funds. I will disclsoe if I have a stake in any company, but in general avoid