Aswath Damodaran calls out Zomato conspiracy theorists, says time for investors to take responsibility

Damodaran said one should not attribute the fall to conspiracies where insiders, founders and backers play the role of villains, especially when it can better be explained by greed, and its capacity to cloud judgment.Damodaran said no matter how an investor is tempted to blame the financial news, journalists, equity research analysts and others for investors’ decision to buy Zomato at its heights, that decision was ultimately theirs.