Excess Returns

Quote · Excess Returns

The Trillion Dollar Gap | Aswath Damodaran on SpaceX, AI and the Big Market Delusion

Explore episode Jun 19, 2026

Value investing became rigid, ritualistic, and righteous. The rigidity means you can never see nuance. The ritualistic part comes from the things that you're supposed to do as a value investor. The righteousness means when you underperform, you never blame yourself. You blame the rest of the world.

Aswath Damodaran

The Trillion Dollar Gap | Aswath Damoda…

Similar quotes

Standing there at parade rest for me is not an option.

Brian Waters

The “Repeatable” Strategy That Helped H…

I have not steered away from my buy box in the past 6 months... I'm literally like creating the exact same recipe every single time.

Brian Waters

The “Repeatable” Strategy That Helped H…

Everyone talks about OPM, other people's money. There's something called OPK, it's other people's knowledge.

Brian Waters

The “Repeatable” Strategy That Helped H…

I think social media is your new business card. They want to go back in time and they want to see what you've accomplished.

Brian Waters

The “Repeatable” Strategy That Helped H…

First and foremost, listeners, please keep your job. It's the golden goose.

Brian Waters

The “Repeatable” Strategy That Helped H…

If it's an eviction or whatever, they leave, they're going to guarantee that rent that you signed on the lease. So I'm like, you cannot lose, you guys.

Brian Waters

The “Repeatable” Strategy That Helped H…

I think truthfully, it's irresponsible for people that are brand new to go out and ask for it... if you're brand new, you probably shouldn't be using private money.

Brian Waters

The “Repeatable” Strategy That Helped H…

The very first property I ever bought in California, I just refinanced that, pulled out $150 grand to buy an Airbnb.

Brian Waters

The “Repeatable” Strategy That Helped H…

I'll send a picture in there, 'Hey, how would you handle this situation?' And it could be like a front porch, and I want to see their response. The educated response means, guess what, they probably know what they're doing.

Brian Waters

The “Repeatable” Strategy That Helped H…

Up next:

0:00