Cliff Asness is the Founder, Managing Principal and Chief Investment Officer at AQR Capital Management. Prior to co-founding AQR Capital Management, he was a Managing Director and Director of Quantitative Research for the Asset Management Division of Goldman, Sachs & Co. Cliff joins the show to discuss FTX, AMC , why hedge funds aren’t hedging, the role of index funds and a whole lot more. Important Links: - Cliff’s Twitter - https://twitter.com/cliffordasness - Cliff’s Blog - https://www.aqr.com/Insights/Perspectives - AQR Capital Management - https://www.aqr.com/About-Us/OurFirm/Cliff-Asness-Bio - Do Hedge Funds Hedge - https://www.aqr.com/Insights/Research/Journal-Article/Do-Hedge-Funds-Hedge Show Notes: [00:01:16] - Main Podcast [00:02:18] - Cliff’s take on FTX and crypto [00:11:38] - The AMC saga [00:24:32] - HODL and the MOASS [00:29:05] - Finding the right media format for substantive investment conversations [00:34:36] - Thoughts on the value spread [00:40:35] - “We don’t want a world where markets are perfect” [00:46:38] - Hedge funds aren’t hedging [00:53:42] - The role of index funds [01:00:49] - Never override a model [01:06:01] - “Study statistics and stick to your principles”