Do You Ever Overrode a Model?

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:

• Cliff’s Twitter
• Cliff’s Blog
• AQR Capital Management
• Do Hedge Funds Hedge?

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