Description

In the latest episode of Facts vs Feelings, Ryan Detrick, Chief Market Strategist, and Sonu Varghese, VP, Global Macro Strategist, welcome back legendary investor Cliff Asness, Co-Founding Partner, Managing Principal, and Chief Investment Officer of AQR Capital Management. From market bubbles and speculative manias to AI-driven strategies and even Superman movies, this milestone 150th episode blends sharp market insight with candid (and fun) conversation.

Key Takeaways:

• Bubble Talk: Cliff explains why today’s markets are expensive but stop short of a true “bubble.”
• Black Swan Events: Why extreme market shocks happen far more often than statistics suggest.
• Rise of Grift: Social media and meme coins are fueling grift-like behavior in markets.
• AQR Evolution: How AQR has shifted toward data-driven models and capital efficiency.
• Portable Alpha: Insights on stacking returns and improving diversification.
• Buffer Products: Why complex downside-protection ETFs may just be expensive ways of holding cash and equities.
• Personal Stories: Cliff shares Marvel fan moments, career “what-ifs,” and parenting wisdom.

Connect with Ryan:

• LinkedIn: Ryan Detrick

• X: @ryandetrick

Connect with Sonu:

• LinkedIn: Sonu Varghese

• X: @sonusvarghese

Connect with Cliff:

• LinkedIn: Cliff Asness

• X: @CliffordAsness

Questions about the show? We’d love to hear from you! factsvsfeelings@carsongroup.com

#FactsVsFeelings #CliffAsness #AQR #MarketBubbles #InvestingInsights #PortableAlpha #BlackSwan #FinancePodcast #RyanDetrick #SonuVarghese