Cliff Asness: Overcoming tough times

During his recent interview with Capital Allocators, Cliff Asness discusses his struggle with emotional responses to market fluctuations despite his long-term investment philosophy.

He stresses the importance of steadfastness and openness in strategy reassessment during tough times, acknowledging the challenges and rewards of disciplined investing.

I am a complete hypocrite on this. I don’t think I’m actually a hypocrite in my actions, but I will preach the long term and I believe it and I’m honest about it, and then I’ll be in a terrible mood, possibly chucking things around my office.

Let’s not get too deep into that. On a bad day, I think that just says that the emotions that drive some of these things are pretty hard to get rid of even if you’ve studied them your whole life.

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