Aswath Damodaran @AswathDamodaran · 11 Aug 2026
Lesson 3 from Leo: The legend of smart money persists, but it is has never been that smart, and its self regard leads it attaches more precision to its convictions than merited by the facts. I would rather entrust my savings to humble money. https://t.co/B0g81dN0W4
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