"I just do not engage because I know that I'm not going to be able to change anybody's mind," he says. "The thing that makes me sad here though is that we do have this platform, which I think very highly of ... There's so much to talk about there." He has gotten better in the last six months but still feels like Twitter anonymous.
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