Aswath Damodaran discusses the origins and importance of developing a personal investment philosophy, drawing from his 40 years of teaching. He highlights the difficulty of consistently beating the market and the challenge of distinguishing luck from skill among successful investors, referencing Michael Mauboussin's work.
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Finding your Investing Lodestar: In Search of an Investment Philosophy!
Mar 24, 2026
Aswath Damodaran discusses the origins and importance of developing a personal investment philosophy, drawing from his 40 years of teaching. He highlights the difficulty of consistently beating the market and the challenge of distinguishing luck from skill among successful investors, referencing Michael Mauboussin's work.
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