There's a fear that right now we're living in the world's biggest bond bubble. Tyler Cowen: I'm not ready to call it a bubble, but bubble related. He says emerging markets are considerably cheaper than US or even Western Europe. But he thinks equities are actually shockingly similarly expensive.
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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