I think what's happening is kind of a bifurcation. The people who want long form are finding it. There's ample long form available. And the kid on Twitter 10K, I had him here on the show. I think he's doing excellent work in trying to do these long form pieces on Twitter. That is not easy. People don't understand that they have editors. They have people that write those headlines. It really drives me crazy when I see them being taken advantage of. We're mostly value based. We have a lot of momentum stuff but we're quality as you know.
Cliff Asness is the Founder, Managing Principal and Chief Investment Officer at AQR Capital Management. Prior to co-founding AQR Capital Management, he was a Managing Director and Director of Quantitative Research for the Asset Management Division of Goldman, Sachs & Co. Cliff joins the show to discuss FTX, AMC , why hedge funds aren’t hedging, the role of index funds and a whole lot more. Important Links:
Show Notes:
- Cliff’s take on FTX and crypto
- The AMC saga
- HODL and the MOASS
- Finding the right media format for substantive investment conversations
- Thoughts on the value spread
- “We don’t want a world where markets are perfect”
- Hedge funds aren’t hedging
- The role of index funds
- Never override a model
- “Study statistics and stick to your principles”
Books Mentioned:
- What Works on Wall Street: A Guide to the Best-Performing Investment Strategies of All Time; by Jim O’Shaughnessy