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Cliff Asness on Factor Investing and the History of Financial Economics | Hoover Institution
Jon Hartley and Cliff Asness discuss his time as a graduate student under Eugene Fama at the University of Chicago, his career at Goldman Sachs, and founding AQR, factor-based investing (value and momentum), the efficient markets hypothesis, the elastic markets hypothesis, the inelastic markets hypothesis, comparisons between private equity and public equity returns, and more.
Recorded on August 27, 2025.
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Each episode of Capitalism and Freedom in the 21st Century, a video podcast series and the official podcast of the Hoover Economic Policy Working Group, focuses on getting…
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