Showing 1 - 10 of 139 results

Sort By
  • Relevance
  • Newest
  • Oldest

Perspective

A Fanatic is One Who Can't Change his Mind and Won't Change the Subject¹

Ciff Asness critiques Rob Arnott’s strong viewpoints that rising valuations are responsible for the past performance of many factors and that their current valuation levels point to their impending doom.

Perspective

A Comment on Cochrane's Recent Blog Post

Even the guys we admire pick on momentum! Here are some of Cliff's quick thoughts to John Cochrane's post on the topic, included in the comments section of his blog.

Perspective

High-Frequency Derangement Syndrome

Commentators are still blaming the wrong strategies for the recent market rout.

Perspective

Fixed Income Fantasies

Active fixed income managers have had a really good run in recent decades, but is this success due to skill? We found that there is less alpha than people think due to long-term overweight to credit. But there is hope, and we explain why.

Perspective

My Factor Philippic

Cliff critiques Arnott, et. al. (2016) and emprically shows why one should be wary of agressive factor timing. Instead, investors should identify factors they believe in, and stay diversified across them, unless valuations get far more extreme

Perspective

Introducing “Words From the Wise” Interview Series

AQR's “Words From the Wise” interview series shares research and insights from industry leaders, giving us all the opportunity to become better investors.

Perspective

From Momentum to Marvel, a Conversation With Tyler Cowen

Cliff sat down for an interview with economist Tyler Cowen, a professor at George Mason University. Read a transcript that covers a lot of the fundmantals that Cliff believes in, like value and momentum.

Perspective

How Much Are You In For?

A recent post reminds us that what the average investor in a fund gets is different from the return of that fund, especially if they get in and out awith poor timing. That’s true and important, but there’s more to it than that.

Perspective

The Hedgie in Winter

Cliff explains once again why hedge fund returns shouldn’t be compared to 100% long equities, how to do a more proper comparison, and then shares results.

Perspective

Once More, Without Feeling

Cliff discusses why many of the breathless articles and TV headlines we’ve seen lately about the overall U.S. stock market are just not that interesting.