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Cliff Asness on Comics and Why Never to Share a Gym with Cirque du Soleil (Live at Mason)

Conversations with Tyler

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The Hidden Influence on Cliff Asness That I Don't See

The Fed Model for valuing stocks says when interest rates and inflation are low, you should pay a higher P for stocks. Cliff Asness: I've written probably a much more empirical paper on precisely this idea. How much excess return they need on stocks versus bonds is a function very strongly of the last 20 years relative volatility of stocks and bonds.

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