In his latest Perspective article titled – (So) What If You Miss the Market’s N Best Days?, Cliff Asness cuts to the chase. The argument that “you only have to miss the N best days to totally ruin your long-term returns” is, as Asness puts it, “very dumb.” Or, to … Read More
Cliff Asness on Resilience, Rationality, and Why Most Investors Give Up Too Soon
Cliff Asness, co-founder of AQR Capital, offers a refreshingly stubborn perspective on investing: great investing isn’t just about smart strategies—it’s about sticking with them, even when the going gets tough. During his interview with David Weisburd, Asness didn’t shy away from the emotional toll of underperformance. “During our toughest period, … Read More
VALUE: After Hours (S07 E13): Panic Selling, Risk Off, and Behavioral Finance
During their recent episode, Taylor, Carlisle, and Barry Ritholz discussed Panic Selling, Risk Off, and Behavioral Finance. Here’s an excerpt from the episode: So, if you’re uncomfortable at a 70/30 or 60/40, because you know you need this money, you want to make sure that you don’t do anything silly. … Read More
VALUE: After Hours (S07 E13): How *Not* to Invest with Barry Ritholtz
In their latest episode of the VALUE: After Hours Podcast, Tobias Carlisle, Jake Taylor, and Barry Ritholz discuss: Barry Ritholtz: From Blogfather to Podcast Pro How Not to Invest: The Making of Barry’s New Book The Belfer Family Tragedy: Enron, Madoff, FTX The Real Cost of Bernie Madoff: It Wasn’t … Read More
Spectrography & Investing: Finding Hidden Patterns in Light and Business
During their recent episode, Taylor, Carlisle, and Ardal Loh-Gronager discussed Spectrography & Investing: Finding Hidden Patterns in Light and Business. Here’s an excerpt from the episode: Tobias: That’s very interesting. JT, are you– We’re going to see if we can get JT to do his vegetables. He’s lying in his … Read More
The Power of Qualitative Analysis in Investing
During their recent episode, Taylor, Carlisle, and Ardal Loh-Gronager discussed The Power of Qualitative Analysis in Investing. Here’s an excerpt from the episode: Ardal: So, taking the question slightly broader. So, on a quantitative analysis, I think we’re all looking at the same information or data set. So, that’s why … Read More
Why Investing Success Demands Embracing Paradox
During their recent episode, Taylor, Carlisle, and Jim O’Shaughnessy discussed Why Investing Success Demands Embracing Paradox. Here’s an excerpt from the episode: Tobias: JT, top of the hour. Do you want to do your veggies? Jake: Yeah. And couldn’t be a better transition, to be honest, as you might find … Read More
11 Lessons On How To Overcome Behavioral Investing Traps – Richard Thaler
One of our favorite academics here at The Acquirer’s Multiple is Richard Thaler. Thaler is a Professor of Economics and Behavioral Science at the Booth School of Business, University of Chicago. The reason that we like him is he’s an expert in behavioral finance. Basically that means understanding why people make irrational financial decisions in … Read More