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How do we learn from situations where there are other forces at play? Former professional poker player and author Annie Duke looks at decisions when the outcomes are beyond our control, and AQR’s Toby Moskowitz delves into who is on the other side in factor investing. This podcast was recorded on October 2, 2019. The views expressed in this recording are the personal views of the participants as of the date indicated and do not necessarily reflect the views of AQR itself. AQR and its affiliates ...
Craftsmanship can be just as challenging for investors as it is for restaurateurs—to be successful, it involves finding the right balance of ingredients and creating a sustainable process. Tom Colicchio, Chef and Owner of Crafted Hospitality, and Adrienne Ross talk about how to build a system that works. This podcast was recorded on June 3, 2019. The views expressed in this recording are the personal views of the participants as of the date indicated and do not necessarily reflect the views of A...
Machine learning is thriving thanks to high-powered computing and a flood of data. But when it comes to investing, more data doesn’t necessarily mean better predictions. Horst Simon, Chief Research Officer of the Lawrence Berkeley National Laboratory, and Bryan Kelly, Head of Machine Learning at AQR, discuss the promise and potential perils of these computing advancements. This podcast was recorded on May 17, 2019. The views expressed in this recording are the personal views of the participants ...
Risk is part of any endeavor, whether you’re managing money or multi-million-dollar robots on Mars. Steve Squyres, the Scientific Principal Investigator of the Mars Exploration Rover Project, and AQR’s Lars Nielsen offer two unique perspectives on managing risk. This podcast was recorded on April 15, 2019. The views expressed in this recording are the personal views of the participants as of the date indicated and do not necessarily reflect the views of AQR itself. AQR and its affiliates may hav...
Mark Mitchell of AQR affiliate CNH Partners explains how, why, and when merger arbitrage works – and why knowing this still doesn’t make it easy. This podcast was recorded on May 3, 2019. Effective January 1, 2021 CNH Partners, LLC was renamed to AQR Arbitrage, LLC. The views expressed in this recording are the personal views of the participants as of the date indicated and do not necessarily reflect the views of AQR itself. AQR and its affiliates may have positions (long or short) or engage in ...
Diversification can help returns over the long-term but hedging offer advantages in the short term. Ronen Israel and Roni Israelov share their insights about each. This podcast was recorded on March 22, 2019. The views expressed in this recording are the personal views of the participants as of the date indicated and do not necessarily reflect the views of AQR itself. AQR and its affiliates may have positions (long or short) or engage in securities transactions that are not consistent with the i...
Conventional wisdom says that when the yield curve inverts, the economy slows down. AQR Principal Jordan Brooks and David Kupersmith review the evidence, and discuss what it means for an investor’s bond portfolio. This podcast was recorded on May 21, 2019. The views expressed in this recording are the personal views of the participants as of the date indicated and do not necessarily reflect the views of AQR itself. AQR and its affiliates may have positions (long or short) or engage in securities...
Caroline Sasseville walks us through commodities—what they are, how their returns behave, and what investors should consider before investing. Bill Eckhardt of Eckhardt Trading Company tells us about trend following and his legendary commodities experiment with the “turtle traders.” This podcast was recorded on April 8, 2019. The views expressed in this recording are the personal views of the participants as of the date indicated and do not necessarily reflect the views of AQR itself. AQR and it...
AQR co-founder and Managing Principal Cliff Asness and Alpha Architect CEO Wes Gray discuss momentum – what it is and why it works. This podcast was recorded on April 1, 2019. The views expressed in this recording are the personal views of the participants as of the date indicated and do not necessarily reflect the views of AQR itself. AQR and its affiliates may have positions (long or short) or engage in securities transactions that are not consistent with the information and views expressed in...
Welcome to the second season of The Curious Investor, a podcast that tackles complex financial topics and explains how investing should be grounded in a healthy dose of skepticism and economic intuition. This podcast was recorded on April 15, 2019. The views expressed in this recording are the personal views of the participants as of the date indicated and do not necessarily reflect the views of AQR Capital Management, LLC (“AQR”) itself. AQR and its affiliates may have positions (long or short)...
Our guests debunk some common misconceptions about two approaches to investing: quantitative and fundamental. And they explain how their differences might actually make them complimentary. Disclaimer: This podcast was recorded on August 1, 2018. The views expressed in this recording are the personal views of the participants as of the date indicated and do not necessarily reflect the views of AQR itself. AQR and its affiliates may have positions (long or short) or engage in securities transactio...
This episode delves into ESG (Environmental, Social, Governance) investing, debating its impact on investor portfolios. Guests explain how negative screening, while ethically motivated, can lead to unintended consequences, potentially making "sin stocks" attractive to other investors. They then introduce ESG integration as a more beneficial approach, emphasizing its role in assessing risk and identifying companies poised for future success. The discussion also highlights the critical need for standardized, comparable ESG data and the global efforts by organizations like UNPRI to advance responsible investment practices.
There is risk in every investment. This episode delves into three specific kinds of equity risks that tend to weigh on investors: home bias, market timing and inflation. Disclaimer: This podcast was recorded on July 18, 2018. The views expressed in this recording are the personal views of the participants as of the date indicated and do not necessarily reflect the views of AQR itself. AQR and its affiliates may have positions (long or short) or engage in securities transactions that are not cons...
We investigate why investors might want bonds in their portfolios, even in a low-yield environment. Disclaimer: This podcast was recorded on July 11, 2018.The views expressed in this recording are the personal views of the participants as of the date indicated and do not necessarily reflect the views of AQR itself. AQR and its affiliates may have positions (long or short) or engage in securities transactions that are not consistent with the information and views expressed in this presentation. T...
Quantitative, or data-driven, investing has become increasingly ubiquitous — and many of its technologies have become a necessary part of the investment process. In this episode, we explore the past, present and future of quant. Disclaimer: This podcast was recorded on June 27, 2018. The views expressed in this recording are the personal views of the participants as of the date indicated and do not necessarily reflect the views of AQR itself. AQR and its affiliates may have positions (long or sh...
Warren Buffett. Bill Gross. George Soros. Peter Lynch. We take a deep dive into some of the most famous track records in finance, specifically to ask if the themes we’ve covered in this show can explain some of their success. Disclaimer: This podcast was recorded on June 12, 2018. The views expressed in this recording are the personal views of the participants as of the date indicated and do not necessarily reflect the views of AQR itself. AQR and its affiliates may have positions (long or short...
Sports analogies often help us think about how we make investing decisions. Are there streaks in random data? Do past results affect future ones? And most importantly, if you know people have certain biases, what can you do to get a leg up? Special guest Kevin Kelley, coach of the Pulaski Academy High School football team in Little Rock, Arkansas, tells us how statistics have helped his team win without a kicker. Disclaimer: This podcast was recorded on May 23, 2018. The views expressed in this ...
Vanguard founder Jack Bogle and AQR co-founder Cliff Asness have a lively conversation about one of the most epic battles in investing: Do you stick with the index or do you try to beat it? Disclaimer: This podcast was recorded on May 15, 2018. The views expressed in this recording are the personal views of the participants as of the date indicated and do not necessarily reflect the views of AQR itself. AQR and its affiliates may have positions (long or short) or engage in securities transaction...
Factors are the building blocks of investment returns. We explain what they are, how they work, and how you can use them in your portfolio. Disclaimer: This podcast was recorded on May 9, 2018. The views expressed in this recording are the personal views of the participants as of the date indicated and do not necessarily reflect the views of AQR itself. AQR and its affiliates may have positions (long or short) or engage in securities transactions that are not consistent with the information and ...
An all-star lineup walks us through some of the most common biases that creep into our investment decisions. The University of Chicago’s Richard Thaler, who won the 2017 Nobel Prize in Economics, shares some of his most surprising (and controversial) insights into behavioral finance. And we’re joined by two professors of economics at Yale University, Nicholas Barberis and AQR’s own Toby Moskowitz, who offer practical actions to keep us from falling into irrational patterns. Disclaimer: This podc...
Launching on August 1, The Curious Investor tackles complex financial topics and explains how investing should be grounded in a healthy dose of skepticism and economic intuition. Disclaimer: This podcast was recorded on July 20, 2018. The views expressed in this recording are the personal views of the participants as of the date indicated and do not necessarily reflect the views of AQR itself. AQR and its affiliates may have positions (long or short) or engage in securities transactions that are...
