In his recent interview with Bloomberg Open Interest, Cliff Asness discussed his current strategy. “We are quants, which means we spread our bets out fairly wide,” he says. “We probably have about 2000 longs and about 2000 shorts balanced by country and mostly but not entirely balanced by industry.” It’s … Read More
VALUE: After Hours (S07 E17): Analysis of The Four Formulas: Piotroski, Magic, Acquirer’s, Conservative
During their recent episode, Taylor, Carlisle, Schwartz and Hanauer discussed Analysis of The Four Formulas: Piotroski, Magic, Acquirer’s, Conservative. Here’s an excerpt from the episode: What we mean with formula investing is basically simple stock screeners that are aiming on outperformance, even for retail investors. What we did was we … Read More
VALUE: After Hours (S07 E17): Formula Investing: Schwartz and Hanauer compare the Magic Formula and Acquirer’s Multiple
In their latest episode of the VALUE: After Hours Podcast, hosts Tobias Carlisle and Jake Taylor are joined by Marcel Schwartz and Matthias Hanauer to discuss: Analysis of The Four Formulas: Piotroski, Magic, Acquirer’s, Conservative Why Formulas May Be Losing Power The Value vs Growth Debate Revisited Jake’s Veggies: Cantillon … 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
Cliff Asness: How We Avoid the Pitfalls of Traditional Long-Only Active Management
In this interview with Bloomberg, Cliff Asness discusses the challenges of investing in a market dominated by a few highly concentrated stocks, like the “Mag Seven.” As a quant, he emphasizes the advantages of running diversified long-short portfolios, typically balancing around 750 long and 750 short positions across industries. This … Read More