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The Trillion Dollar Gap | Aswath Damodaran on SpaceX, AI and the Big Market Delusion
Where this was said
Why rigid value investing is vulnerable to AI disruption
At 1:00:35 · chapter starts 58:13
The legend of value investing is built on anecdote and Fama-French data misread as active-manager evidence. Active value investors actually underperformed passive value indexes in the 20th century. [1] — Aswath Damodaran "Value investors underperformed in 20th century: Damodaran asserts that the average active value investor in the 20th century actually under…" 1:00:15
Damodaran asserts that the average active value investor in the 20th century actually underperformed a simple value index fund, undermining the legend that traditional value investing consistently added alpha.
