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The Big Market Delusion: Valuation and Investment Implications

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December 31, 2019
Bradford Cornell and Aswath Damodaran
UCLA Anderson School of Management

Bradford Cornell coauthored a research paper on how the “big market promise” may affect business formation and financing and the role that overconfidence on the part of entrepreneurs and their financiers (venture capitalists and public equity) may play in creating a collective overpricing of companies in alleged big markets.

Read the paper.

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