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Prof. Aswath Damodaran is interviewed on the difference between investment philosophy and strategy

outlook india logo feature

Excerpt from Outlook India -- "According to Damodaran, an investment philosophy 'is a core set of beliefs about markets, a behavioural set of assumptions about how markets work, how they fail to work, and how to take advantage of common mistakes made by investors in the markets. This is as opposed to an investment strategy, such as buying low price to earnings stocks or going contrarian.'"

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