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
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: Value Investing – The Reason It Will Continue To Work Is Because It Doesn’t Always Work
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
AQR: Ways To Improve Your Active Risk
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
Cliff Asness: “An Open Mind Is A Great Thing, But Not So Open That Your Brains Fall Out!”
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
Cliff Asness: The 3 Reasons That Value Has Worked For The Last Hundred Years
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
AQR’s Cliff Asness Says Increase Allocation To Value Stocks
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
Cliff Asness: Why It’s Hard to Say When Value Wins Again
Here’s an excerpt from the AFR in which Cliff Asness is discussing why it’s hard to say when value investing wins again: It’s the question every almost every fund manager wished they had the answer for. And not surprisingly, it’s one that Cliff Asness gets asked the most: When is … Read More
Cliff Asness: What Type Of Diversification Works Best During The Worst Of Times
Cliff Asness and the team at AQR recently released a great paper titled – It Was the Worst of Times: Diversification During a Century of Drawdowns. The paper uses nearly 100 years of data to evaluate the effectiveness of diversifying investments during the worst of times for most portfolios. Here’s the summary and … Read More
Cliff Asness (AQR) – New Paper Indicates Deep Value Trading Strategies Generate Excess Returns Not Explained By Traditional Risk Factors
Late last month Cliff Asness and his team at AQR released a paper titled – Deep Value. In summary, the research indicates that deep value trading strategies generate excess returns not explained by traditional risk factors. Here’s a summary from the paper: We define “deep value” as episodes where the … Read More
Cliff Asness – Investing Strategies Can Still Work Even If Everyone Knows About Them, Here’s Why
One of our favorite investors at The Acquirer’s Multiple – Stock Screener is Cliff Asness. Asness is the Founder, Managing Principal and Chief Investment Officer at AQR Capital Management. He’s also an active researcher and has authored articles on a variety of financial topics for many publications, including The Journal of … Read More