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Cliff Asness — FTX, Hedge Funds and the Value Spread (EP.142)
Infinite Loops
The Cost of Capital Is Zero
"We are sowing what we've reaped with the cost of capital being zero," he says. "At least 10 years worth of craziness is not unwound in a year and a quarter." He adds: 'The evidence can't scream at us loud enough'
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