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Ep3 “Why Good Stocks Are Not Good Buys” with Cliff Asness

All Else Equal: Making Better Decisions

00:00

I Don't Know What You're Saying, but I'm Not Sure

People rarely tell me how poorly they've done on their stock picks. You don't see people at toptail parties going, oh, man, i stuck at stock picking. They'd be kind of fun, you know, the honest person who is telling you that. But that's not the rule. So you do have to be very careful of the financial version of phomo,. where your people are cherry picking their winners, even if they're not lying about them. And who speaks up is being cherry picked.

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