Tyler Cowen: It is not something every investor can do. He says it's a very unintuitive idea if you think markets are anywhere near highly efficient. The strategy works two out of three years for a hundred years, he says. But there have been horrible streaks within that of not working.
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.
Read a full transcript enhanced with helpful links, or watch the full video.
Other ways to connect