Sign up to save your podcasts
Or
Share Bigger Extremes, Better Returns | Cliff Asness on the "Less Efficient Market Hypothesis"
Share to email
Share to Facebook
Share to X
Share to email
Share to Facebook
Share to X
Or
Bigger Extremes, Better Returns | Cliff Asness on the "Less Efficient Market Hypothesis"
In this episode of Excess Returns, we sit down with AQR founder Cliff Asness for a fascinating discussion about market efficiency, behavioral finance, and the future of quantitative investing. In this wide-ranging conversation, we explore Cliff's recent paper "The Less Efficient Market Hypothesis" and discuss why markets might actually be becoming less efficient over time, despite advances in technology – a counterintuitive but compelling argument.
We dig into how social media and constant connectivity might be making markets more prone to extremes, the real impact of passive investing, and why periods of market irrationality might last longer than ever before. Cliff shares his perspective on the current market concentration in the Magnificent Seven stocks and offers insights on high-volatility alternatives from his latest paper.
The conversation also covers the role of intuition in factor investing, inflation's impact on markets, and ends with Cliff's essential advice for the average investor. Throughout the discussion, Cliff brings his characteristic mix of academic rigor and practical wisdom, peppered with his unique brand of humor.
Whether you're a quant enthusiast, professional investor, or just interested in understanding today's markets better, this conversation offers valuable insights from one of the industry's most influential voices.
SEE LATEST EPISODES
https://excessreturnspod.com
FIND OUT MORE ABOUT VALIDEA
https://www.validea.com
FIND OUT MORE ABOUT VALIDEA CAPITAL
https://www.valideacapital.com
FOLLOW JACK
Twitter: https://twitter.com/practicalquant
LinkedIn: https://www.linkedin.com/in/jack-forehand-8015094
FOLLOW JUSTIN
Twitter: https://twitter.com/jjcarbonneau
LinkedIn: https://www.linkedin.com/in/jcarbonneau
View all episodes
By Excess Returns
4.8
7474 ratings
In this episode of Excess Returns, we sit down with AQR founder Cliff Asness for a fascinating discussion about market efficiency, behavioral finance, and the future of quantitative investing. In this wide-ranging conversation, we explore Cliff's recent paper "The Less Efficient Market Hypothesis" and discuss why markets might actually be becoming less efficient over time, despite advances in technology – a counterintuitive but compelling argument.
We dig into how social media and constant connectivity might be making markets more prone to extremes, the real impact of passive investing, and why periods of market irrationality might last longer than ever before. Cliff shares his perspective on the current market concentration in the Magnificent Seven stocks and offers insights on high-volatility alternatives from his latest paper.
The conversation also covers the role of intuition in factor investing, inflation's impact on markets, and ends with Cliff's essential advice for the average investor. Throughout the discussion, Cliff brings his characteristic mix of academic rigor and practical wisdom, peppered with his unique brand of humor.
Whether you're a quant enthusiast, professional investor, or just interested in understanding today's markets better, this conversation offers valuable insights from one of the industry's most influential voices.
SEE LATEST EPISODES
https://excessreturnspod.com
FIND OUT MORE ABOUT VALIDEA
https://www.validea.com
FIND OUT MORE ABOUT VALIDEA CAPITAL
https://www.valideacapital.com
FOLLOW JACK
Twitter: https://twitter.com/practicalquant
LinkedIn: https://www.linkedin.com/in/jack-forehand-8015094
FOLLOW JUSTIN
Twitter: https://twitter.com/jjcarbonneau
LinkedIn: https://www.linkedin.com/in/jcarbonneau
More shows like Excess Returns
View all
Macro Voices
3,075 Listeners
Top Traders Unplugged
590 Listeners
The Meb Faber Show - Better Investing
948 Listeners
Hedgeye Podcasts
202 Listeners
Capital Allocators – Inside the Institutional Investment Industry
797 Listeners
The Market Huddle
357 Listeners
The Acquirers Podcast
300 Listeners
The Compound and Friends
2,149 Listeners
Value Investing with Legends
210 Listeners
Value Hive Podcast
92 Listeners
The Memo by Howard Marks
418 Listeners
Yet Another Value Podcast
107 Listeners
Forward Guidance
271 Listeners
Thoughtful Money with Adam Taggart
419 Listeners
Monetary Matters with Jack Farley
153 Listeners