Aswath Damodaran on Sugar Daddies, The Magnificent Seven & The Art of Selling Stocks | #558

Key Points

• Investors should never dismiss stocks as perpetually overvalued since even high-profile companies can present buying opportunities during market downturns.
• Successful investing requires not only identifying the right time to buy but also developing a disciplined strategy for when to sell, balancing between holding onto winners and cutting losses.
• The US stands out in encouraging startups and entrepreneurship due to a conducive environment that allows young companies to grow and thrive, unlike many other regions where mature, established companies dominate the market.