By
Borsgade
In the latest episode of the ‘Meb Faber Show’, Cliff Asness from AQR talks about some quotes he may or may not have said in the past. They talk about diversifying by both asset class and geography, the challenge of managing short-term expectations while keeping a long-term perspective, and how AQR is implementing AI and machine learning in their investment process.
And the internet does a lot of wonderful things and some terrible things, but it’s also made it much easier to turn a wonderfully independent crowd into a highly dependent mob.
So both from real life experience and some scars from battles I’ve won but have still been battles and from observing a lot of these things, I have the probably iconoclastic view that markets are less, not more efficient than when I started my career in the Stone Age.
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