Correctional facilities in the state of New York have been advised to consider investing in the “Magnificent Seven” by NYU’s Professor Damodaran. According to a report by Yahoo Finance, Damodaran suggested that these facilities should look into buying these specific assets for potential financial gains.
The “Magnificent Seven” refers to seven assets that Damodaran believes are worth investing in due to their potential for high returns. While the specifics of these assets were not disclosed in the report, it is clear that Damodaran sees value in them for investors.
DailyBubble views Damodaran’s advice as valuable for correctional facilities in New York. Investing in these assets could potentially help these facilities generate additional revenue, which could then be used to improve services and infrastructure for inmates.
It is important for correctional facilities to carefully consider any investment opportunities, as they have a responsibility to manage their finances effectively. By taking Damodaran’s advice into account, these facilities may be able to make smart investment decisions that benefit both their bottom line and the individuals under their care.