У нас вы можете посмотреть бесплатно The Market is Getting Less Efficient: Here is Why That is GREAT for Value Investors | Cliff Asness или скачать в максимальном доступном качестве, видео которое было загружено на ютуб. Для загрузки выберите вариант из формы ниже:
Если кнопки скачивания не
загрузились
НАЖМИТЕ ЗДЕСЬ или обновите страницу
Если возникают проблемы со скачиванием видео, пожалуйста напишите в поддержку по адресу внизу
страницы.
Спасибо за использование сервиса ClipSaver.ru
In this episode of Excess Returns, we sit down with AQR founder Cliff Asness for a fascinating discussion about market efficiency, behavioral finance, and the future of quantitative investing. In this wide-ranging conversation, we explore Cliff's recent paper "The Less Efficient Market Hypothesis" and discuss why markets might actually be becoming less efficient over time, despite advances in technology – a counterintuitive but compelling argument. We dig into how social media and constant connectivity might be making markets more prone to extremes, the real impact of passive investing, and why periods of market irrationality might last longer than ever before. Cliff shares his perspective on the current market concentration in the Magnificent Seven stocks and offers insights on high-volatility alternatives from his latest paper. The conversation also covers the role of intuition in factor investing, inflation's impact on markets, and ends with Cliff's essential advice for the average investor. Throughout the discussion, Cliff brings his characteristic mix of academic rigor and practical wisdom, peppered with his unique brand of humor. Whether you're a quant enthusiast, professional investor, or just interested in understanding today's markets better, this conversation offers valuable insights from one of the industry's most influential voices. #Investing #QuantitativeInvesting #MarketEfficiency #FactorInvesting #AQR #CliffAsness 0:00 Intro 3:17 Less Efficient Markets Paper: Two Giant Observations 8:25 Technology's Impact on Price Discovery 10:03 The Challenge of Testing Market Efficiency 19:28 Understanding Value Spreads and Market Recovery 25:44 Duration vs Magnitude in Market Drawdowns 28:13 The Impact of Passive Investing 38:51 The Social Media Effect on Markets 43:08 Case Study: Message Boards and the Dot Com Bubble 46:59 Factor Investing Strategies in 2024 51:11 Do Investment Factors Need Intuitive Explanations? 56:52 Modern Inflation Environment Analysis 1:01:33 Market Concentration and the Magnificent Seven 1:06:28 High Volatility Alternatives Strategy 1:13:16 Key Lesson: Look at Your Portfolio Less SEE LATEST EPISODES https://excessreturnspod.com FIND OUT MORE ABOUT SUNPOINTE INVESTMENTS https://sunpointeinvestments.com/ FIND OUT MORE ABOUT VALIDEA CAPITAL https://www.valideacapital.com FOLLOW MATT Twitter: / cultishcreative LinkedIn: / matt-zeigler-a58a0a60 FOLLOW JACK Twitter: / practicalquant LinkedIn: / jack-forehand-8015094