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Podcast: Excess Returns
Episode: Practical Lessons from Cliff Asness
Description: In this episode, Jack Forehand and Matt Zeigler discuss their fascinating interview with AQR founder Cliff Asness. They explore several key topics from their conversation, including:
Cliff's humorous take on morning routines and why correlation doesn't equal causation when it comes to success habits
The "Less Efficient Market Hypothesis" and why Cliff believes markets may be becoming less efficient over time, particularly evident in the dot-com bubble and 2019-2020 market events
A thoughtful discussion on passive investing's impact on markets, including Cliff's perspective on what percentage of passive investing might be sustainable
The importance of getting comfortable with investment...