Aswath Damodaran: Simply Be less Wrong Than Everybody Else
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By Borsgade
- - Published
In this interview, NYU professor Aswath Damodaran highlights that both life and investing are inherently uncertain, making it impossible to predict or control everything. This uncertainty often makes people uncomfortable, leading them to either ignore it or seek answers from others.
Rather than avoiding uncertainty, Damodaran suggests embracing it as a natural part of life. He points to 2020 as a prime example of how unforeseen events can disrupt even the best-laid plans. The focus, he argues, should be on making thoughtful decisions based on the information available, while accepting that mistakes are inevitable—and that’s perfectly fine.
In investing, success isn’t about achieving perfection. Instead, it’s about minimizing mistakes compared to others and continuing to move forward.
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The above has been prepared by Børsgade ApS for information purposes and cannot be regarded as a solicitation or recommendation to buy or sell any security. Nor can the information etc. be regarded as recommendations or advice of a legal, accounting or tax nature. Børsgade cannot be held liable for losses caused by customers’/users’ actions – or lack thereof – based on the information in the above. We have made every effort to ensure that the information in the above is complete and accurate, but cannot guarantee this and accept no liability for errors or omissions.
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