The Meb Faber Show: “The Biggest Investment Mistake: Billionaire Hedge Fund Cliff Asness Reveals”
The Meb Faber Show: “The Biggest Investment Mistake: Billionaire Hedge Fund Cliff Asness Reveals”
Subscribe to The Meb Faber Show podcast on your favorite platform so you never miss an episode! https://pod.link/1128955736
Today’s guest is Cliff Asness, co-founder, managing principal and Chief Investment Officer at AQR Capital Management.
In today’s episode, Cliff & I start by talking about some quotes he may or may not have said in the past. Then we kick around a bunch of topics. We talk about diversifying by both asset class and geography, the challenge of managing short-term expectations while keeping a long-term perspective, and how AQR is implementing AI and machine learning in their investment process.
(0:15) – Welcome to our guest, Cliff Asness
(1:25) – Parsing Cliff’s real quotes from fake ones
(7:51) – Thoughts on bonds as a diversifier
(12:32) – Moving away from market-cap weighting
(18:22) – Managing client expectations
(28:51) – Alternative trend-following
(42:43) – Position resizing for alternative strategies
(47:01) – AQR implementing AI in their investment process
(50:41) – Cliff’s most controversial opinion
(56:34) – Cliff’s most memorable investment
—– Follow Meb:
Twitter: https://twitter.com/MebFaber
LinkedIn: https://www.linkedin.com/in/mebanefaber/
Website: http://mebfaber.com/
20240405
