Cliff Asness: Common Misconceptions About Buybacks

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In his recent interview with CNBC, Cliff Asness discussed some common misconceptions about buybacks. Here’s an excerpt from the interview: Host: President Biden recently saying Exxon makes more money than God, and has criticized Exxon for buying back stock instead of investing in drilling to help Americans. I asked Asness … Read More

Cliff Asness: Look For ‘Moneyball’ Stocks

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In his latest interview on the Family Investment and Impact Series, Cliff Asness explains how his early life made him focus on ‘Moneyball’ type stocks. Here’s an excerpt from the interview: I think intuitive. I think we did have those experiences, and this came later in life. I was not this … Read More

Cliff Asness: Shorting The Bad Guys

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In his latest article titled – Shorting Counts, Cliff Asness responds to the recent Man Group article titled – “Short-selling does not count as a carbon offset. Here’s an excerpt from his response: What does that mean? It’s instructive to back up and examine how the more traditional non-shorting ESG … Read More

Cliff Asness: Run Your Process Like A Vulcan

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In a recent interview with Front Row, Cliff Asness discussed the difficulty of sticking with your process, keeping staff and clients, and controlling your emotions, when your strategy is underperforming. Here’s an excerpt from the interview: Asness: I am very proud of the fact that as much as I can … Read More

Cliff Asness: The Replication Crisis That Wasn’t

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In his latest piece titled – The Replication Crisis That Wasn’t, Cliff Asness recommends reading Larry Swedroe and Alpha Architect’s summary of his colleague’s new paper titled – Is There A Replication Crisis In Finance. The summary states: “For investors, the important takeaway is that despite the proliferation in the … Read More

Cliff Asness: The Odds Are Getting Better For Value

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Here’s a great interview with Cliff Asness on Bloomberg’s Front Row with Erik Schatzker. Asness discusses his faith in factors after 2 1/2 years of poor returns. He remains as confident as ever in the quantitative strategies that powered the firm’s growth for two decades. He also discusses the emotional … Read More

AQR: Ways To Improve Your Active Risk

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In their latest paper titled – Was That Intentional? Ways to Improve Your Active Risk, the team at AQR discuss a number of intentional and unintentional active risks, and how investors can improve their active risk saying: Investors try to outperform their strategic asset allocation benchmarks by taking active risks. … Read More