Masters in Business: Cliff Asness, CIO & founder of AQR Capital Management

This week, the “Masters in Business” radio podcast features Cliff Asness, the founder and chief investment officer of AQR Capital Management.

Asness and his team manage $120 billion at AQR. They are quants, applying mathematics to market data and making evidence-based investments across a range of asset classes.

In a far-ranging, 90-minute conversation, Asness discusses everything from value to momentum to the small-cap effect to the Efficient Market Hypothesis to how and why markets can be irrational. He details what it was like to be part of the Quant Flash Crash of 2007. If you are remotely interested in what financial quants actually do, Asness gives a graduate level seminar on quantitative investing.

Listen to the podcast on BloombergApple iTunes or SoundCloud. All of our prior podcasts are available on iTunes.



Category: Podcast

I wanted to spend a bit of time on the Labor Department’s proposal to place a fiduciary obligation on those who manage or provide investment advice on retirement plans. These include individual retirement accounts and 401(k)s (including 403(b)s). The new rules require the broker or adviser to “operate in the best interest of the client.” I don’t…Read More

Category: Index/ETFs, Investing, Mutual Funds, Really, really bad calls

10 Tuesday AM Reads

My Big Fat Greek Wedding morning train reads: • Highest Forward 12-Month P/E Ratio for S&P 500 since 2004 (FactSet) but see To Nasdaq 5000 and Beyond (Barron’s) • Reports of My Death Have Been Greatly Exaggerated: Hedge funds nearly drowned in 2014, beset by bad news and bad returns. Prepare for a comeback. (Chief Investment Officer) • Four Reasons…Read More

Category: Financial Press

Rap Battle: Yanis Varoufakis vs Dijsselbloem & Merkel

Hilarious (Click settings for English captions):

RAP BATTLE [English + GREEK SUBS] – Dijsselbloem vs Βαρουφάκης (Varoufakis)

Hat tip FT ALphaville

Category: Bailouts, Currency, Humor, Video

Are We Becoming a Part-Time Economy?

Compared with 2007, the U.S. labor market now has about 2.5 million more people working part-time and about 2.2 million fewer people working full-time. In this sense, U.S. businesses are more reliant on part-time workers now than in the past. But that doesn’t necessarily imply we are moving toward a permanently higher share of the…Read More

Category: Employment, Think Tank

Killing Cancer

Vice: Special report: Killing Cancer, Friday February 27 10:30 on HBO



Source: thefutoncritic

Category: Science, Television, Video

The Changing Nature of Middle-Class Jobs

Source: NY Times

Category: Digital Media, Employment, Wages & Income

Wal-Mart’s Crash Course in Labor Economics

Last week, we learned that Wal-Mart was giving the lowest-paid of its hourly employees a raise. In a blog post, Wal-Mart Chief Executive Officer Doug McMillon said that as of April, the company will pay a minimum of $9 an hour. That is $1.75 more than the federal minimum wage of $7.25, which has been unchanged…Read More

Category: Employment, Really, really bad calls, Wages & Income

10 Monday AM Reads

Welcome back to the last full work week of the shortest month of the year. Start it off right with these morning train reads: • Dear Silicon Valley: Here’s your wake-up call (Business Insider) • The active fund management model is not fit for purpose (FT) see also Why Active Management Fell Off a Cliff – Perhaps Permanently (Reformed Broker) • Forget…Read More

Category: Financial Press

A Rare Technical Analysis Pattern . . .

Source: Dilbert

Category: Humor, Technical Analysis