I think we are mixing overconfidence with overreaction a little bit. People might be overconfident in how much they understand it, but they don't seem to incorporate it enough. I really do think this is one thing that makes it very hard. When I go to academic seminars where people are fighting about this,. There aren't many things in my life where I am a peacemaker.
Tyler and investment strategist Cliff Asness discuss momentum and value investing strategies, disagreeing with Eugene Fama, Marvel vs. DC, the inscrutability of risk, high frequency trading, the economics of Ayn Rand, bubble logic, and why never to share a gym with Cirque du Soleil.
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