A Masterclass from a Quant Legend | Cliff Asness on the Implications of Less Efficient Markets

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  • Опубликовано: 11 дек 2024

Комментарии • 46

  • @finnovator6565
    @finnovator6565 21 день назад +9

    Cliff is a luminary. I have been grappling with the theoretical question if indexing will force a survival of the best of the best and increase competition or a situation where rational investors turn to indexing and irrational investors stay thinking they can beat the market, sharks and minnows, for a while before it was published. This paper is unique in its analysis, haven’t seen a similar one yet. Enormous Asness fan and I deeply enjoyed the interview , thanks.

  • @stiffeification
    @stiffeification 21 день назад +12

    Now that is a guest!
    Love love love hearing from Cliff.

    • @ExcessReturns
      @ExcessReturns  21 день назад +4

      One of the guests we have most wanted to have on. We are really fortunate he said yes!

  • @x2ul725
    @x2ul725 21 день назад +7

    Great topic, interview and guest. If we consider hedging, it's possible markets are trying to be out of it.

  • @fatalan3832
    @fatalan3832 20 дней назад +4

    Brilliant, first time I've heard from Cliff and he had me laughing a lot. To be fair I understood his humour better than his specialist knowledge.

    • @ExcessReturns
      @ExcessReturns  20 дней назад +1

      He had us laughing the whole time too. Thank you for watching!

  • @kmir6today
    @kmir6today 21 день назад +14

    Don't simply retire from something; have something to retire to. Start saving, keep saving, and stick to investments.

    • @Mandala-wm3es
      @Mandala-wm3es 21 день назад

      Absolutely! Profits are possible, especially now, but complex transactions should be handled by experienced market professionals

    • @Bryanj869
      @Bryanj869 21 день назад

      Finding yourself a good broker is as same as finding a good wife, which you go less stress, you get just enough with so much little effort at things

    • @JonasMarcel
      @JonasMarcel 21 день назад

      Brian demonstrates an excellent understanding of market trends, making well informed decisions that leads to consistent profit

    • @JamesShaver550
      @JamesShaver550 21 день назад

      I'm surprised that you just mentioned and recommend Mr Brian Nelson. I met him at a conference in 2018 and we have been working together ever since.

    • @TraceyAllenbaugh
      @TraceyAllenbaugh 21 день назад

      Yes! I'm celebrating £32K stock portfolio today... Started this journey with £3K.... I've invested no time and also with the right terms, now I have time for my family and life ahead of me.

  • @jaythefox
    @jaythefox 20 дней назад +6

    His critique of Reddit seem kind of jaundiced and boomerish. People have a lot of relevant, pragmatic discussion on Reddit - anything from psychology to diet to minimalism to travel.

    • @stiffeification
      @stiffeification 19 дней назад +3

      His view on reddit is probably just that of wallstreetbets and he doesn't know that reddit is way more than that

  • @jaythefox
    @jaythefox 20 дней назад

    Is he taking into account the aging population structure and the effect that might have on market psychology?
    Maybe older people will be more risk-averse and go for safer assets and/or longer holding periods.
    (I agree with his general admonition to think long-term though.)

  • @adamrumball2582
    @adamrumball2582 21 день назад +1

    47:13

  • @littlebigfis
    @littlebigfis 18 дней назад

    When will AQR launch a high vol liquid alt?

  • @RichardCole928
    @RichardCole928 19 дней назад +77

    Well, what makes me an outlier I guess! I am 57 year-old English immigrant, with zero interest in tech or stocks, and yet I am 110% committed to Bitcoin. I would describe myself as an extreme conservative/libertarian. I have been involved in UK politics for some time, and the main thing that drove me to study Bitcoin and ultimately recognise its value to Humanity was the threat posed by an over-weening government, first in the UK and lately in the US also. I regard the CBDC as the final brick in the wall of the totalitarian prison the world's governments are building for us. And Bitcoin is the ultimate defence against a tyrannical government.r.....I've been engaged in active trading and managed to grow a nest egg of around 2.3Bitcoin to a decent 24Bitcoin....I'm especially grateful to Jinny Franz, whose deep expertise and traditional trading acumen have been invaluable in this challenging, ever-evolving financial landscape.

    • @RichardCole928
      @RichardCole928 19 дней назад

      SHE'S MOSTLY ON TELEGRAMS, USING THE USERNAME...

    • @RichardCole928
      @RichardCole928 19 дней назад

      @JinnyFranz

    • @JodieLang-d3p
      @JodieLang-d3p 19 дней назад

      One thing I know for certain is crypto is here to stay, the only thing that leaves is the people who don't manage their risk. Manage that, or the market will manage it for you. With the right strategies you will survive.

    • @BronaghRussel
      @BronaghRussel 19 дней назад

      Access to good information is what we investors needs to progress financially and generally in life. this is a good one and I appreciate…

    • @DavidHobbs-f6v
      @DavidHobbs-f6v 19 дней назад

      Thank you for sharing your experience. She’s helped grow my reserve, despite inflation, from $87k to $246k as of today…..Her insights and daily siignals are worth following.

  • @WhaleEye-r4e
    @WhaleEye-r4e 10 дней назад

    Cliff: The proposed extended hours trading is NOT about your American teenagers trading Nvidia after midnight, it's about providing access to US markets for Asian investors. This is good for US markets. Please look into the matter a little more before spouting off with ill-informed opinions.

  • @dear_darling
    @dear_darling 3 дня назад

    lol

  • @lusofreak
    @lusofreak 16 дней назад

    "I'm not a macro investor, but..." and proceeds to make a rant yet again about inflation... plus the "We didn't went to the same high school..." interjection to the host shows me on thing. Troll... sorry but don't bring this guy back. E.g. Michael Pento, way smarter and modest...