Episode Details

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Aswath Damodaran joins Brian Keating to argue that markets, universities, and financial models are all suffering the same disease — mistaking mechanical processes for genuine thinking — and explains why Nobel economists aren't billionaires, why academia is the most deserving target for disruption, and why every major asset class is now overpriced with nowhere left to hide.

• 00:00 Intro
• 00:01:37 Why Nobel Economists Aren't Billionaires
• 00:06:08 Universities Have Completely Lost the Plot
• 00:07:43 95% of Academic Research Is Worthless
• 00:13:05 The University Is a Sticky Business — But Cracks Are Forming
• 00:40:00 ChatGPT Already Does What Bankers Charge Millions For
• 00:46:43 The Most Dangerous Number in Finance
• 00:52:35 There Is No Safe Place Left to Put Your Money
• 00:55:48 When Every Asset Is Overpriced, Buy What You Love
• 01:00:22 We Are Losing Our Ability to Think
• 01:01:30 Markets Are Smarter Than Experts — Every Single Time

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