The Compound and Friends

Old Man Yells at the Cloud

92 snips
Nov 22, 2024
Cliff Asness, founder of AQR Capital Management and expert in quantitative finance, joins the discussion to explore market inefficiencies and the intricacies of value investing. They dive into the competitive landscape of private equity and how emotional trading impacts decision-making. The guests also tackle the implications of Fed rate cuts on high-yield investments and share thoughts on cryptocurrency strategies. With a blend of finance and personal anecdotes, they shed light on stock valuations and the complexities of modern investing, all while sprinkling in some comic book nostalgia.
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ANECDOTE

Nvidia Price Target

  • Cliff Asness recounts being asked for stock picks on CNBC.
  • He explains this is nonsensical for a quant who uses broad portfolios.
ANECDOTE

Meme Stock Controversy

  • Asness describes his experience on CNBC discussing meme stocks like AMC.
  • His comments about a small short position led to backlash from retail investors.
ANECDOTE

Ritholtz vs. Cohen

  • Josh Brown mentions Barry Ritholtz mocking Ryan Cohen during the GameStop saga.
  • This led to a denial-of-service attack on their website.
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