"I'm going to tell you a series of stories about why you shouldn't make investment decisions on stories anything that goes up a bajillion gazillion percent in the last 10 years attracts a lot of uh und..."

"well hello everyone it's Jim O'Shaughnessy with another infinite loops and today I must tell you I I have one of my Quant Heroes as my guest I have Cliff asness founder CIO of aqr Capital Management o..."

"don't really have other than an independent Observer Viewpoint into this but like what the is going on with FTX and Sam whatever bankman why is he not behind bars in your opinion oh well I'm gonna gue..."

"crypto world and again this is not a shot at crypto in particular anything that goes up a bajillion gazillion percent in the last 10 years attracts a lot of the underbelly um so you know and I'm still..."

"like both of us like I've been a fiduciary for more than 35 years and you have I don't know if you're as long in 10 years I'm close but the algorithms in our brain are run by a fiduciary mindset yeah ..."

"that's one thing all investors should know totally agree and I put it in the same so we exited that hedge fund it's a fun story because I first written it off because the first month came back and I'd..."

"which they are no neither do I absolutely and I have I always joke quants are high conviction Traders on the whole process particularly if given enough time we're very low conviction on any individual..."

"remember exactly what I said but they did that they let me do that but of course I asked my team to put together you know give me five Longs and five shorts that that and here's probably where I got i..."

"account I was quoting it was like a 12 basis point short right so I literally I think I actually said 12 basis points short and here's where I made my fatal era and I admit this sounds really challeng..."

"which and now you have to roll into the fact that very much against my better instincts and the instincts of all the grown-ups at my farm of which I'm not one of I'm active on Twitter right and I've a..."

"be fair to be honest really gross and nasty really fast I had no idea what this world was like I had watched from 2021 the Melvin Capital stuff with with GameStop and and a few others like you know we..."

"Enemy Number One is Ken Griffin of course it started out where they think he's the one who told Robin Hood to take away the buy button on a certain day I don't think my personal opinion I have no know..."

"it's obvious again they find these crazy things on the internet at one point they wrote that a Ken Griffin's firm Citadel lost I forget the number I call it a hundred quadrillion dollars and what they..."

"it was just silly why do you know why do I invest in this company someone will say and this is maybe 50 times because I love movies and I would respond because I you know I'm occasionally sarcastic th..."

"success in investing at times you know if you go back to the beginning of my career I probably would have said Mo all of investing successes this would have been arrogant is about being clever or smar..."

"apocalyptic cult whenever it doesn't happen because they do say they'll find things I've never heard of the options for the on the AMC expire three Tuesdays from now it had to happen at that point we ..."

"no this is partly what keeps bringing me back is first there's the general fintuit Community there are a lot of very Earnest good people trying to figure things out having great conversations you lear..."

"I appreciate that I appreciate that I think you know to to shift it a little bit to CNBC Bloomberg Etc I owe a ton of My Career Success to those guys back in the day when I was on CNBC seemingly every..."

"stopped going oh and the soundbite you can get a trade recommendation out if you're a stock picker and for us once that's just like are you kidding me it's like okay here's what I want you to buy and ..."

"with me it's like I always want to acknowledge listen my career got a huge Boost from journalists at TV journalists The Wall Street Journal Barons I owe it tremendous amount to them have a great deal ..."

"really drives me crazy when I see them being taken advantage of and but like there it's very difficult unless it's a long form unless you can like kind of give the nuance and this is why it take the e..."

"clients who had been with us from the my first company O'Shaughnessy Capital Management which morphed into you know anyway I go down he stopped I walk into his office my my head of intermediary sales ..."

"still expensive versus history and and the value spread as we measure it the spread between cheap and expensive for those who are interested it's well down from its coveted eyes but it's not way off o..."

"get very local about it they're like this incredibly painful year and I won't deny that for the markets in general but they have this initial this immediate reaction like oh it's such a terrible year ..."

"two years he was very kind to me I wrote a dissertation on price momentum something you knew about at the time but academics didn't saying that it's actually effective and he was good about that still..."

"jumping dumping the rational for the irrational as many do and some days they'll tell you you can't predict when this will turn around I and I'm sure you've said the same no but I can predict with a s..."

"I had this nightmare fantasy about being like a dinner one night and one of my kids saying so that's how value thing still not working huh and and me think what and then and then one of them being lik..."

"our Lives occasionally we put on our value Superman suits and go fight the battles yeah and ours regresses the same way we've looked at it and again you know it's part of the challenge for we quants r..."

"written a lot about this and I have personal experience with this when I was starting out and got my first big client it was a a wonderful family where he was a gold prospector and saltabeer sold his ..."

"gotta tell you something man yeah you got to turn yourself into a hedge fund and I'm like but like you know I why and he's like dude like the alpha that you're generating over here you should just you..."

"I'm sure you have some of these I'm sure you have many of these I do where the outer sample period is considerably longer now than the in Sample period that we had for the paper that'll make you feel ..."

"not help but if someone owns micro cap stocks that trade every six weeks it does help and you could show that the betas were actually somewhat higher higher base means lower Alpha if it's been a bull ..."

"um who came out I think he came out of the Goldman mergers group they if you did a taxonomy of where people in hedge fund started there was Tiger that was there it was Commodities Corp there was some ..."

"it's if you for most people honestly I tell them buy and eat a really low cost ETF Global in your 401k keep adding to it you'll do great yeah I was once speaking to a conference and someone asked me w..."

"but there was it's got a big splash because it said index funds were worse than Marxism and Eddie I appreciated that someone thought Marxism wasn't that great it's nice that's not always what you read..."

"was trying to get John Neff who many listeners or viewers won't even know who he is legendary value manager and a wonderful gentleman I went down there to have lunch with him and just what a wonderful..."

"and like I learned from the guy who's now the head of all research and Senior portfolio manager and my co-cio like he he told me after the great financial crisis he goes hey Jim do you remember during..."

"the same wavelength here not overriding a model is not equivalent to not changing and evolving oh come on absolutely absolutely we evolved forever I have told people one of the hardest things is as we..."