# What's The Real Value of Your Degree? Aswath Damodaran - #542

An episode of [Into the Impossible With Brian Keating](https://invisiblenetwork.ai/podcast/1169885840), 9 Mar 2026, 1 h 12 min.

Audio: https://www.podtrac.com/pts/redirect.mp3/pdst.fm/e/traffic.megaphone.fm/BBPI2089294421.mp3?updated=1773048416

Please join my mailing list here 👉 https://briankeating.com/list to win a meteorite 💥 Aswath Damodaran joins Brian Keating to argue that markets, universities, and financial models are all suffering the same disease — mistaking mechanical processes for genuine thinking — and explains why Nobel economists aren't billionaires, why academia is the most deserving target for disruption, and why every major asset class is now overpriced with nowhere left to hide. • 00:00 Intro • 00:01:37 Why Nobel Economists Aren't Billionaires • 00:06:08 Universities Have Completely Lost the Plot • 00:07:43 95% of Academic Research Is Worthless • 00:13:05 The University Is a Sticky Business — But Cracks Are Forming • 00:40:00 ChatGPT Already Does What Bankers Charge Millions For • 00:46:43 The Most Dangerous Number in Finance • 00:52:35 There Is No Safe Place Left to Put Your Money • 00:55:48 When Every Asset Is Overpriced, Buy What You Love • 01:00:22 We Are Losing Our Ability to Think • 01:01:30 Markets Are Smarter Than Experts — Every Single Time ➡️ Follow Aswath Damodaran 🌐 Website: https://pages.stern.nyu.edu/~adamodar/ 📚 The Little Book of Valuation: https://pages.stern.nyu.edu/~adamodar/ 📝 Musings on Markets (Substack): https://aswathdamodaran.substack.com Join this channel to get access to perks like monthly Office Hours: https://www.youtube.com/channel/UCmXH_moPhfkqCk6S3b9RWuw/join 📚 Get my books: Think Like a Nobel Prize Winner, with productivity tips from 9 Nobel Prize winners: https://a.co/d/03ezQFu Focus Like a Nobel Prize Winner, with life-changing interviews with 9 Nobel Prizewinners: https://a.co/d/hi50U9U My tell-all cosmic memoir Losing the Nobel Prize: http://amzn.to/2sa5UpA The first-ever audiobook from Galileo: Dialogue Concerning the Two Chief World Systems: Ptolemaic and Copernican https://a.co/d/iZPi9Un Follow me to ask questions of my guests: 🏄♂️ Twitter: https://twitter.com/DrBrianKeating 🔔 Subscribe https://www.youtube.com/DrBrianKeating?sub_confirmation=1 📝 Join my mailing list; just click here http://briankeating.com/list ✍️ Detailed Blog posts here: https://briankeating.com/blog 🎙️ Listen on audio-only platforms: https://briankeating.com/podcast #universe #podcast #briankeating #intotheimpossible #science #astronomy #cosmology #cosmicmicrowavebackground #intotheimpossible #briankeating Learn more about your ad choices. Visit megaphone.fm/adchoices

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