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Ritholtz's Masters in Business: Aswath Damodaran Interview

Masters in Business

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The Risk of Self-Delusion in America

There's a risk that our perspective in this little island off the east coast of America is huge. And I think when you look at things like Brexit, it should be a warning sign that we've lost perspective. It's easy in New York to say, well, this company should do this. What we're forgetting is... But that's the average. We're talking about a 55-year-old steel worker in Pennsylvania. He gets little consolation out of the fact that free trade is going to create more world-world and he doesn't know where he'll get his paycheck next month.

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