Volatility Laundering in Private Equity, the Merits of International Diversification, Value Vs Growth and Systematic Investing - With Cliff Asness

episode

Previously titled “151: Volatility Laundering in Private Equity, the Merits of International Diversification, Value Vs Growth and Systematic Investing - With Cliff Asness” — renamed by the publisher on Aug 6, 2026

Money Maze Podcast not yet transcribed

▲ 0

Transcript

This episode hasn't been transcribed yet Upvotes decide what gets transcribed next — 0 so far. Sign in to upvote

recent transcribed audio

Fire at Dublin playground among a sperate of anti-social incidents 2 min · 28 Sep 2026 · Today with David McCullagh

'Crisis' meetings to discuss fuel protests & cost of living 10 min · 28 Sep 2026 · Today with David McCullagh

REACTION to Ireland vs Israel from Debrecen | OFF THE BALL BREAKFAST 21 min · 28 Sep 2026 · OTB Football

NPR News: 09-28-2026 4AM EDT 5 min · 28 Sep 2026 · NPR News Now

DIA 19 | Ainda existem capítulos que você não viveu | 21 dias para uma vida que vale a pena 2 min · 28 Sep 2026 · Psicologia na Prática

Protecting Your Portfolio in a Bubble, and Is a Move to America Worth the Money? 37 min · 28 Sep 2026 · The Prof G Pod with Scott Galloway

Report any issue

Source

Recorded27 Aug 2024

Publisheraudioboom.com ↗

Handlerec:11180796

Show notes

Simon introduces Cliff Asness, Co-Founder and CIO of AQR (Applied Quantitative Research), highlighting the firm's systematic approach to investing in a variety of assets. Cliff Asness shared his background, mentioning that he was initially an underachiever in school but transitioned to a highly driven person during college at the University of Pennsylvania. He explained that market efficiency is a spectrum, and even Fama admitted that markets are not perfectly efficient, despite what many might assume. Discussing current markets, Asness emphasized the importance of global diversification and noted that the U.S.'s prolonged outperformance mostly stemmed from its increasing valuation premium over international markets. He highlighted "volatility laundering" in private assets, where the infrequent marking of private investments creates an illusion of lower volatility, cautioning that this could lead to misinformed investment decisions. Asness touched on philanthropy, saying he finds joy in charitable giving despite the difficulty in assessing the best use of funds and mentioned the importance of concentrating philanthropy for more impact. The Money Maze Podcast is kindly sponsored by Schroders, IFM Investors and the World Gold Council. Sign up to our Newsletter | Follow us on LinkedIn | Watch on YouTube

Ask this episode

“What did the council decide on item 42?” — answered with the speaker and the moment.

Transcript

Related