efficient markets explanation
1 statements across 1 episodes · 0 bullish · 0 bearish · 1 people on the record · first statement May 13, 2024 by Cliff Asness · across every show →
Everything said about efficient markets explanation, oldest first
May 13, 2024
Asness: Excess investment returns stem from either undiversifiable risk or behavioral errors
“With almost any strategy that we believe produces an excess return, I always say we believe, you never know if you're right, but if you believe it, there are almost always two twin competing explanations. An efficient markets explanation. One that says you sho…”