Infinite Loops

Cliff Asness — FTX, Hedge Funds and the Value Spread (EP.142)

Jan 12, 2023

01:03:28

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How High Can the Price to Magic Go?

03:28

I'm Not All About Value in Parentheses

02:05

Do You Ever Overrode a Model?

03:08

Introduction

2min

What the Fuck Is Going on With FTX and Sam, Whatever, Bankman?

5min

FTX

1min

I'm a Quantist, I've Been a Fiduciary for 35 Years, but I Don't Know Much About Crypto.

2min

I'm Not Informed Enough on Cryptocurrency

5min

Is It a 12 Basis Point Short?

2min

I Don't Want to Poke This Ape

5min

The Best Acronym in Investing Is Hold on for Dear Life

3min

Twitter Anonymous - I've Gotten Better in the Last 6 Months

2min

10.

The Soundbite, You Can Get a Trade Recommendation Out if You're a Stock Picker

2min

11.

Is There a Market for Video Interviews on TV?

2min

12.

Long Form Is a Bifurcation

2min

13.

Those War Stories We Share Completely Because Everyone Hates Me When I Write It

3min

14.

The Cost of Capital Is Zero

2min

15.

How High Can the Price to Magic Go?

3min

16.

I'm Not All About Value in Parentheses

2min

17.

We're Story Based Creatures. We've Looked at It

2min

18.

Do Hedge Funds Hed?

6min

19.

Index Funds Are Better Than Marxism

4min

20.

I'm a Closed Quant. And I Like to Call Myself Disciplined

2min

21.

Do You Ever Overrode a Model?

3min

22.

Are You Overriding a Model?

2min

23.

The Emperor of the World for a Day

2min

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

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Infinite Loops

Cliff Asness — FTX, Hedge Funds and the Value Spread (EP.142)

How High Can the Price to Magic Go?

I'm Not All About Value in Parentheses

Do You Ever Overrode a Model?

Get the Snipdpodcast app

AI-poweredpodcast player

Discoverhighlights

Save anymoment

Share& Export

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highlights

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moment

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