Master the basics of risk measurement and valuation.
Choose a philosophy that aligns with your specific risk aversion, time horizon, portfolio size, and tax status. 3. Key Categories of Investment Philosophies Investment Philosophies By Aswath Damodaran Pdf
Markets are generally efficient but fail during periods of extreme uncertainty or change. Master the basics of risk measurement and valuation
Minimize self-inflicted damage by spreading bets (diversification), acting rarely (low turnover), and staying away from personal weaknesses. 2. The Development Framework acting rarely (low turnover)