Old Man Yells at the Cloud | TCAF 167

On episode 167 of The Compound and Friends, Michael Batnick and Downtown Josh Brown are joined by Cliff Asness, of AQR Capital Management, to discuss: the less-efficient market hypothesis, value investing, the quant world, private equity, and much more!

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► 00:00 - Cold Open
► 11:47 - Michael Saylor and Microstrategy
► 17:09 - Intro
► 19:19 - How Josh Was Introduced to Cliff
► 21:33 - Cliff's Research
► 23:47 - The Less-Efficient Market Hypothesis
► 39:07 - Value Investing
► 53:09 - Did Quants Ruin Value Investing?
► 01:00:13 - 3 Things That Have Made Markets Less Efficient
► 01:06:58 - Timing the Market
► 01:26:12 - Private Equity (and Volatility Laundering)
► 01:36:01 - Favorites

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