Someone Smarter Than You Just Sold All His AAPL
Aswath Damodaran is what the investing world would call smart money. As a professor of finance at NYU, he wrote Damodaran On Valuation. And yes, that means he wrote the book on valuation. So when you hear that he just dumped AAPL from his portfolio with a cost basis of $5 a share, should you follow suit? Price targets, valuations, and headlines aside, Aswath is simply following the most fundamental rule of investing: if you don’t like the stock, then just get out. Now Aswath doesn’t have a problem with Apple, rather it’s with the type of people currently buying … Read more