Cliff Asness on Comics and Why Never to Share a Gym with Cirque du Soleil (Live at Mason)
Conversations with Tyler
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Is It Just Debt Aversion, Don't Get Into Debt?
Leverage is not riskless, but neither is moving your money into fewer and fewer assets. If you want as much expected return as the best asset out there, you have to be only in that asset. Applying leverage to the entire portfolio, you maintain the benefit of diversification. Heat points out that low risk assets are orphans now.
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