Bigger Extremes, Better Returns | Cliff Asness on the "Less Efficient Market Hypothesis"

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  • Опубликовано: 24 ноя 2024

Комментарии •

  • @stiffeification
    @stiffeification 4 дня назад +12

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

    • @ExcessReturns
      @ExcessReturns  4 дня назад +4

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

  • @finnovator6565
    @finnovator6565 4 дня назад +7

    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.

  • @x2ul725
    @x2ul725 4 дня назад +6

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

  • @fatalan3832
    @fatalan3832 3 дня назад +3

    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  3 дня назад +1

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

  • @RichardCole928
    @RichardCole928 2 дня 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 2 дня назад

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

    • @RichardCole928
      @RichardCole928 2 дня назад

      @JinnyFranz

    • @JodieLang-d3p
      @JodieLang-d3p 2 дня 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 2 дня 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 2 дня 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.

  • @kmir6today
    @kmir6today 4 дня назад +12

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

    • @Mandala-wm3es
      @Mandala-wm3es 4 дня назад

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

    • @Joymewes
      @Joymewes 4 дня назад

      Some persons think inves'tin is all about buying stocks; I think going into the stock market without a good experience is a big risk, that's why I'm lucky to have seen someone like mr Brian C Nelson.

    • @Bryanj869
      @Bryanj869 4 дня 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 4 дня назад

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

    • @JamesShaver550
      @JamesShaver550 4 дня 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.

  • @jaythefox
    @jaythefox 3 дня 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.)

  • @littlebigfis
    @littlebigfis День назад

    When will AQR launch a high vol liquid alt?

  • @jaythefox
    @jaythefox 3 дня назад +3

    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 2 дня назад +2

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

  • @adamrumball2582
    @adamrumball2582 4 дня назад +1

    47:13