In a recent interview, Cliff Asness delves into the complexities and prospects of rational investing, especially during times of significant market inefficiency
In a recent book interview, Cliff Asness compares quantitative and discretionary investing, emphasizing that both aim to identify undervalued stocks with catalysts for revaluation.
The folks over at AQR recently wrote a piece on how to use machine learning in stock portfolio construction. Specifically stock portfolio selection and timing. The article is quite technical but do provide some food for thought for less sophisticated investors on how AI can be implemented in an investment strategy.
In this interview with Bloomberg, Cliff Asness from AQR discusses how market inefficiencies are becoming more pronounced and persistent over time.
In his latest paper titled ‘The Less-Efficient Market Hypothesis’ AQR’s Cliff Asness explains why he believes markets have become less efficient over the past 30+ years due to technology, gamified trading, and social media.
This inefficiency raises the stakes for rational active investing, with bigger and longer-lasting market swings. Investors should embrace this opportunity but remain cautious of strategies that might not perform well long-term.
In this short article, the team at AQR discuss the concept of ‘portable alpha’ as a strategy for enhancing investment returns, especially in the context of rising stock market valuations and the expectation of lower-than-average equity returns.
In this Bloomberg interviews, AQR co-founder Cliff Asness discuss the unpredictability of financial markets since 2002. He highlighted how extreme events, like the tech bubble and COVID-19, challenge assumptions. Asness emphasize how investors need to understand not only investment pain, but also the severity and duration.
Cliff Asness discusses his struggle with emotional responses to market fluctuations despite his long-term investment philosophy.
Cliff Asness talk about market efficiency, diversifying by both asset class and geography and the challenge of managing short-term expectations while keeping a long-term perspective
In a somewhat different and quite humoristic article, Cliff Asness discuss the ‘cognitive dissonance’ many investors practice daily.
In a recent interview with TD, Cliff Asness from AQR discuss the past and future of the 60/40 portfolio.
In this article, AQR (Cliff Asness’ investment firm) updates their estimates of expected returns over the medium term (5 to 10 years) for major asset classes.
In this interview, Cliff Asness discusses one of the biggest mistakes investors make: Overanalyzing the individual components of a portfolio instead of focusing on the overall composition.
Cliff Asness from AQR discusses everything from risk management to alpha generation to the benefits of different investment philosophies.
Cliff Asness and his colleagues at AQR analyze the opportunities and challenges of investing based on quantitative factors.
AQR has conducted an empirical analysis of the consequences of interest rates stabilizing at a higher level than they have been for many years.
Despite their history as a value-based investment firm, Cliff Asness and AQR have over time become advocates of combining fundamental analysis with trend following. They have just published an article analyzing Trend Following as a component of an overall portfolio.
Cliff Assness, Founder and CIO at AQR, gives his take on the current market and where value can be found in this interview with Bloomberg. One of the asset classes that could be challenged, according to Asness, is equities.
Founder and Chief Investment Officer at AQR, Cliff Asness, shares his views on international diversification. “International diversification has hurt US-based investors for over 30 years, but the long-run case for it remains relevant. We show that both financial theory and common sense favor international diversification, buttressed by empirical supportive evidence.”
Cliff Asness shares his thoughts on quantitative value investing and his “two newspapers” investment strategy on the Masters in Business podcast (Bloomberg).
