Investment Philosophies By Aswath Damodaran - Pdf

An investment philosophy is a coherent way of thinking about markets and why they make mistakes. It is broader than a strategy (e.g., "buying low PE stocks" is a strategy, not a philosophy).

Minimize self-inflicted damage by spreading bets (diversification), acting rarely (low turnover), and staying away from personal weaknesses. 2. The Development Framework Investment Philosophies By Aswath Damodaran Pdf

Damodaran categorizes approaches based on their view of the "gap" between price and value: An investment philosophy is a coherent way of