BTCC
/
BTCC Square
/
Global Cryptocurrency
/
Wall Street Valuation Expert Shifts to Traditional Assets Amid Market Fears
Wall Street Valuation Expert Shifts to Traditional Assets Amid Market Fears
6
3
BTCCSquare news:
Aswath Damodaran, NYU Stern professor and Wall Street's most trusted valuation expert, has signaled a dramatic shift in his investment strategy. For the first time in his career, he's avoiding equities entirely—opting instead for cash and physical assets like gold. "Diversification no longer works," he warns, citing unprecedented correlation across asset classes.
The analyst predicts a 30-35% correction in U.S. stocks and urges investors to consider defensive positions. His rare pivot to gold—an asset he avoided for decades—speaks volumes about mounting institutional anxiety. "This is about fear, not fundamentals," Damodaran admits, preparing for what he calls a "potential catastrophic scenario."
By:
