#asness

[coinnewsfx]

Cliff Asness: The Value & # 39; Hell & # 39; has given me more confidence in the factor 2020

Cliff Asness: The Value & # 39; Hell & # 39; has given me more confidence in the factor 2020

AQR's Cliff Asness tells Corey Hoffstein of Newfound Research that value stocks are even cheaper than during the tech bubble.

Despite the recent underperformance of the value factor, Asness, a billionaire, believes he will recover – and the pain that the factor caused gives him even more confidence in him.

The fiery quant, known for Twitter outbreaks and computer use, also said if he could give…

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[coinnewsfx]

2008 lessons from Asness, Tepper, Griffin, Klarman, Dalio, Cohen, more 2020

2008 lessons from Asness, Tepper, Griffin, Klarman, Dalio, Cohen, more 2020

No crisis is the same, and there are significant differences between the 2008 recession and the coronavirus pandemic in 2020 – but for many hedge funds, this is the first sustained economic disruption in their existence.

Business Insider rounded off previous comments from some of the biggest names in hedge funds, including legends like George Soros, Seth Klarman, Paul Tudor Jones, and more.

Fo…

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[moneyhealthfinance-blog]

Cliff Asness Will Try Anything Once, Including Gorging On Big Data

Attempts to make sense of the complexities of our benighted world are necessarily reductionist. “Alabama,” for instance, did not <a target="_blank" href="https://www.nytimes.com/2017/12/12/opinion/moore-jones-alabama-senate.html?action... Dealbreaker

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[evanvanness]

No equity free riders

I’ve been a fan of Cliff Asness’s writing for a long time.  Below is my favorite part of his response to a silly Sanford Bernstein polemic titled, “The Silent Road to Serfdom: Why Passive Investing is Worse Than Marxism.”  

But what they don’t highlight is that not everyone, or not every dollar in the case of investing, has to be working toward setting prices. Indeed, it’s the natural case that many, likely most, investors don’t work toward it at all. We can all still argue about the right amount of indexing versus active management, but we should also all step back and acknowledge that free riding off of prices you rely on is essential to capitalism. Widespread availability of market prices for everything from industrial commodities to manicures is what allows independent agents to make free economic choices that lead to far more liberty and prosperity than central planners could ever deliver.

[michaelkitces]

Great discussion from Cliff Asness of AQR why Shiller P/E10 remains valid and why criticisms about 2008 earnings "aberration" fall flat.