Jim Cevallos: "I owe a ton of my career success to those guys back in the day when I was on CNBC seemingly every other week" He says he saw it turn into ESPN, where you get not even two minutes and nobody can say anything intelligent or help people with a soundbite. The whole format was more conducive to actually letting a portfolio manager explain their strategy.
Cliff Asness is the Founder, Managing Principal and Chief Investment Officer at AQR Capital Management. Prior to co-founding AQR Capital Management, he was a Managing Director and Director of Quantitative Research for the Asset Management Division of Goldman, Sachs & Co. Cliff joins the show to discuss FTX, AMC , why hedge funds aren’t hedging, the role of index funds and a whole lot more. Important Links:
Show Notes:
- Cliff’s take on FTX and crypto
- The AMC saga
- HODL and the MOASS
- Finding the right media format for substantive investment conversations
- Thoughts on the value spread
- “We don’t want a world where markets are perfect”
- Hedge funds aren’t hedging
- The role of index funds
- Never override a model
- “Study statistics and stick to your principles”
Books Mentioned:
- What Works on Wall Street: A Guide to the Best-Performing Investment Strategies of All Time; by Jim O’Shaughnessy