Damodaran holds approximately 15% cash in his portfolio, his highest level historically, reflecting his current caution about valuations and risk; however, this is still modest and primarily sized to fund his lifestyle needs.
factualpending
Speaker
Aswath DamodaranEvidence Quote
“I probably have more cash as a percentage of my portfolio now than I've had perhaps at any time in history, but it's not 50 or 80%, it's more like 15%.”
Source
Aswath Damodaran: I Am More Cautious Than Ever— The Master Investor Podcast with Wilfred FrostCreated: 8/12/2026, 6:41:25 PM
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