Matthew Ringgenberg, a finance professor at the University of Utah, dives into the intriguing realm of anomaly returns. He defines asset pricing anomalies and discusses when these returns emerge in relation to signal information releases. The conversation touches on the predictive power of various models and explores the significance of equity loan fees in forecasting market outcomes. Ringgenberg also argues for the necessity of long-term happiness as a measure of true success, challenging conventional investment wisdom.