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Cliff Asness on Quant Value Investing

Masters in Business

CHAPTER

Is This Real? Is It Arbitraged Away?

When can you actually say, this is wrong? It's pain time. When you're in pain, time goes much more slowly. Half of me hates it because these times are hell, but half of me realizes that if they didn't exist, right? This every value manager on Earth and it's probably applies to non-value as well.

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