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Cliff Asness - "...But Not So Open Your Mind Falls Out" (S3E13)
Flirting with Models
What Question Do You Ask About the Markets?
Mark O'Mara: We're never going to know how efficient the market is. I think it's certainly quite efficient in a long run horizon, he says. But momentum is one of the harder ones to reconcile with efficient markets. He asks St. Peter who are the best managers and gives them an ex ante answer.
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