Category Archive

In his latest interview on the FEG Insight Bridge Podcast, Cliff Asness explains why everything is extremely expensive versus history. Here’s an excerpt from the interview: So by and large, a stock and a bond portfolio, call it U.S. 60/40. You could do a million different versions of this, right? And … Read More

In a recent article at the Financial Times, Cliff Asness explains why his firm is positioned for one of the most robust recoveries for factor investing since the tech bubble of 1999. Here’s an excerpt from the article: A computer-powered investment fund run by AQR posted double-digit gains in the … Read More

In this interview on Bloomberg, Cliff Asness was asked if he will continue to follow his investing strategy which has underperformed recently. Here’s an excerpt from the interview: Asness: We try very hard to approach that question with a very open mind. My mother-in-law’s fond of saying – you want … Read More

In his latest insight titled – Shorting Your Way To A Greener Tomorrow, Cliff Asness examines the use of shorting in an ESG context. Here’s an excerpt from the insight: My colleagues (and even I) have written extensively on responsible investment, as in the use of ESG factors in investment … Read More

In this interview on The Bogleheads Podcast, Cliff Asness discussed his time with Gene Fama, and the confusion around value investing. Here’s an excerpt from the interview: Rick Ferri: Well let me ask just a couple of questions on what you just said. Did Fama ever call what he did … Read More

In his latest commentary titled – Are Value Stocks Cheap for a Fundamental Reason?, Cliff Asness discusses why the current high value spread is forecasting high expected returns, not lower than usual fundamental growth rates for cheap versus expensive stocks. Here’s an excerpt from the commentary: We have been discussing … Read More

During the latest Management Conference ’21: Keynote Conversation with Cliff Asness, David Booth, and Eugene F. Fama, AQR’s Cliff Asness discusses the important of sticking with your strategy, especially when it becomes really hard. Here’s an excerpt from the conference: Asness: This is a little depressing and a little wonderful … Read More

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

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

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

Cliff Asness had just written another great piece titled – A Gut Punch, in which he discusses, this year, “with its two very different phases (January to October and November to present) where we (and many quants in general) have managed to stink in both. I’m going to focus my … Read More

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

During his recent interview with Corey Hoffstein on the Flirting With Models Podcast, Cliff Asness discussed the importance of investors having an open mind to new ideas, but not so open that you would trash a strategy that has worked successfully for a long time. Here’s an excerpt from the … Read More

Here’s a great interview with Cliff Asness from AQR on the Rational Reminder Podcast discussing a number of topics including – why value investing has working for the last hundred years, saying: There are three possible reasons value has worked for the last hundred years. One is it represents a … Read More

Here’s an article from CNBC in which Cliff Asness, AQR Capital founder, discusses why investors should commit a “sin” and increase their allocation toward value stocks. Here’s an excerpt from that article: AQR Capital founder Cliff Asness says it’s time to “sin” a little — and by that he means … Read More