Value Factors Explained
Cliff discusses the misconceptions surrounding value measures, particularly the limitations of price to book in reflecting a company's true worth due to intangible assets. He reflects on the dichotomy of emotions experienced during market fluctuations—gratitude for loyal supporters and bewilderment over those who left. The conversation highlights the complexities of market dynamics and the psychological challenges faced by investors during drawdowns.In this clip
From this podcast
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Cliff Asness - Simple Investing is Hard (EP.385)
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