NYU Professor Aswath Damodaran - the dean of Investing - explains what risk is and why we are risk averse.
Timestamps - Table of Contents:
00:00 - Physical Risk
00:17 - Separation between Physical Risk and Financial Risk
01:00 - What is Risk?
01:48 - Risk is Dual
02:13 - Great Businesses seek out (the right kind of ) Risk
02:48 - Why do we think about risk in Finance?
03:41 - The experiment of Bernoulli
04:38 - Two ways of measuring Risk Aversion
07:14 - Findings on Risk Aversion
11:36 - Summary from Behavioural finance
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NOTES:
- In the interest of time and clarity, the original video has been re-edited.
- Full Credits: Aswath Damodaran.
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