Aswath Damodaran on the COVID Crucible: A Play in Three Acts
Aswath Damodaran on the COVID Crucible: A Play in Three Acts
Aswath Damodaran determined early on not to treat the COVID-19 crisis like previous market shocks. As the pandemic unfolded, he could see how it was developing and realized it was having the same three-stage effect on investors as previous financial upheavals. “First you lose perspective. Why? Because in the middle of chaos, things are melting down,” he explained in his virtual presentation,…
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