In an article, posted on his blog, Aswath Damodaran, a famous name in modern corporate finance and valuation and author of many books, comments on how his perception of various market views has evolved after Lehman Brothers filed for bankruptcy protection.
To me #1 is his observation: There is no risk-free asset. Pick up yours.
The Crisis of 2008: Lessons learned, unlearned and reinforced
Jan 29, 2009
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