What's The Real Value of Your Degree? Aswath Damodaran - #542

Into the Impossible With Brian Keating

Brian Keating

Physics, Natural Sciences, Science

4.7 • 1.1K Ratings

🗓️ 9 March 2026

⏱️ 66 minutes

🔗️ Recording | iTunes | RSS

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Summary

Please join my mailing list here 👉 https://briankeating.com/list to win a meteorite 💥 Aswath Damodaran joins Brian Keating to argue that markets, universities, and financial models are all suffering the same disease — mistaking mechanical processes for genuine thinking — and explains why Nobel economists aren't billionaires, why academia is the most deserving target for disruption, and why every major asset class is now overpriced with nowhere left to hide. 00:00 Intro 00:01:37 Why Nobel Economists Aren't Billionaires 00:06:08 Universities Have Completely Lost the Plot 00:07:43 95% of Academic Research Is Worthless 00:13:05 The University Is a Sticky Business — But Cracks Are Forming 00:40:00 ChatGPT Already Does What Bankers Charge Millions For 00:46:43 The Most Dangerous Number in Finance 00:52:35 There Is No Safe Place Left to Put Your Money 00:55:48 When Every Asset Is Overpriced, Buy What You Love 01:00:22 We Are Losing Our Ability to Think 01:01:30 Markets Are Smarter Than Experts — Every Single Time ➡️ Follow Aswath Damodaran 🌐 Website: https://pages.stern.nyu.edu/~adamodar/ 📚 The Little Book of Valuation: https://pages.stern.nyu.edu/~adamodar/ 📝 Musings on Markets (Substack): https://aswathdamodaran.substack.com Join this channel to get access to perks like monthly Office Hours: https://www.youtube.com/channel/UCmXH_moPhfkqCk6S3b9RWuw/join 📚 Get my books: Think Like a Nobel Prize Winner, with productivity tips from 9 Nobel Prize winners: https://a.co/d/03ezQFu Focus Like a Nobel Prize Winner, with life-changing interviews with 9 Nobel Prizewinners: https://a.co/d/hi50U9U My tell-all cosmic memoir Losing the Nobel Prize: http://amzn.to/2sa5UpA The first-ever audiobook from Galileo: Dialogue Concerning the Two Chief World Systems: Ptolemaic and Copernican https://a.co/d/iZPi9Un Follow me to ask questions of my guests: 🏄‍♂️ Twitter: https://twitter.com/DrBrianKeating 🔔 Subscribe https://www.youtube.com/DrBrianKeating?sub_confirmation=1 📝 Join my mailing list; just click here http://briankeating.com/list ✍️ Detailed Blog posts here: https://briankeating.com/blog 🎙️ Listen on audio-only platforms: https://briankeating.com/podcast #universe #podcast #briankeating #intotheimpossible #science #astronomy #cosmology #cosmicmicrowavebackground #intotheimpossible #briankeating Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	universities, they've entirely lost their way.
0:03.0	95% of research, if it never happened, nobody would miss it.
0:07.0	It doesn't change one aorta.
0:09.0	The reason this scam that we call university education has been able to raise tuition,
0:14.0	6, 7, 8% a year is because you had a federal financing system
0:19.0	that keeps the money machine going.
0:22.5	If people actually had to raise the money to pay $100,000, it's almost impossible to get to that with
0:30.0	traditional loans.
0:31.9	Why aren't Nobel Prize winning economists billionaires?
0:35.3	They understand markets better than you.
0:37.2	Why don't they dominate?
0:38.3	Today's talk isn't about timing trades or chasing bubbles. It's about what happens when data,
0:43.3	models, and human trust collides. And what science and academia would and should do differently.
0:49.3	Today's guest, Professor Aswat de Motarin, one of the most renowned teachers, educators, and thinkers about money, markets, and psychology,
1:00.0	joins us to talk about the fraying trust in institutions.
1:04.0	Bubbles, tariffs, downgrades, shutdowns, and threats to central bank independence, and will happen in the distant future when the convergence
1:12.1	of AI, education, and markets come to a head.
1:16.2	What if economics behave like physics, error bars, models, risk, hidden variables, and
1:21.5	what we should learn as professors, scientists, and anyone who's trying to thrive in this
1:26.5	uncertain economy should know.
1:27.9	So join us as we dive deep into the impossible with my guest, Professor Oswath the Modran.
1:34.3	Let's go.
	...

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