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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 covered small caps, worked recruiting members for a large hedge fund community and freelance financial journalism. Jacob lives with his wife and five kids in Passaic Park NJ. - Email: jacob(at)hedgefundalpha.com. For confidential inquires email me for my Signal ID. Other methods of secure communication are also available. FD: Most of my portfolio is in I mostly purchase broad-based ETFs, mutual funds or individual bonds - I do this for performance reasons and to avoid any potential conflict of interest or occasional receipt of insider information. I will disclose if I have a stake in any company, but in general I have few stocks and I avoid any trading especially around topics I am covering.