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The Meb Faber Show - Better Investing
Cliff Asness: Timely & Timeless Investment Wisdom | #528
Apr 5, 2024
Guest Cliff Asness from AQR Capital Management discusses diversification, managing client expectations, alternative trend-following strategies, and implementing AI in investing. They explore real vs fake quotes, moving away from market cap weighting, and Cliff's most controversial opinion. Discover how AQR is using AI in their investment process.
01:07:36
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Quick takeaways
- Diversification across asset classes and geographies is vital for long-term success in investing.
- Evolution of trend-following strategies to include fundamental momentum can enhance risk-adjusted returns.
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Value of Diversification in Investing
Diversifying investments across different asset classes, geographies, and strategies is crucial for long-term success. The podcast discusses the importance of not over-relying on a single asset, such as the S&P 500, or a single market like the US. By spreading investments across a variety of options, including non-US equities, bonds, and alternative strategies, investors can mitigate risks and enhance long-term returns. The example of Warren Buffett's investment style is used to emphasize the benefits of diversification to optimize portfolios.
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Discover
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