Cliff Asness on Quant Value Investing
Masters in Business
How Much Do I Have to Save to Retire?
In late 2019, it's time for a sin. I think I tried to use, is it pronounced venial or venal? A mild sin. We recommend sinning a little and occasionally. I recommend that burying your personal life also, in a very different context. You can always just look at returns. Returns tell you the pain you're in. But if those returns were say justified by massive, you know, earnings growth, right? If your earnings double, your P stays the same and your return is 100%. And that didn't make you more expensive. It just was a great result. So we built this measure,. there's no such thing as the 120th percentile.
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