Every crisis has three stages:
- First, you lose perspective trying to understand what is happening on a day-to-day basis
- Next, confrontations with the unusual and uncommon cause you to lose faith in everything that you thought you knew
- Finally, you outsource your thinking and look to experts who can tell you what to do
Professor Damodaran will share lessons learned during the COVID crisis — markets are not as chaotic as they look, fundamentals matter more than ever, there is no such a thing as “smart money,” and storytelling remains important.