Ep3 “Why Good Stocks Are Not Good Buys” with Cliff Asness

Ep3 “Why Good Stocks Are Not Good Buys” with Cliff Asness

Picking stocks is a famously difficult exercise, not for the faint of heart. So how do investment professionals make decisions about which stocks to buy?

In this episode of All Else Equal, professors Jonathan Berk and Jules van Binsbergen interview Cliff Asness, cofounder and chief investment officer at AQR Capital Management, about his decision-making strategy. Fundamentally, Asness says, success depends on the ability to “withstand pain” when your investments perform poorly and the confidence to trust your judgment.

“Everybody talks about the long term, but actually being long-term is a superpower in investing if you can do it,” Asness says.


Submit your questions to the show here: https://bit.ly/AllElseEqual

Find All Else Equal on the web: https://www.gsb.stanford.edu/business-podcasts/all-else-equal-making-better-decisions


All Else Equal: Making Better Decisions Podcast is a production of Stanford Graduate School of Business and is produced by University FM.

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Ep12 "Corporations as Job Security Providers"

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As leaders, how do we know when we've made a mistake? Is it as simple as evaluating whether the outcome was good or bad? In this episode of All Else Equal: Making better decisions, hosts and finance p...

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Ep8 "Why Capitalism Works" with John Cochrane

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Competitive markets don’t produce the same level of prosperity for everyone, but economist John Cochrane thinks they give us something more important — incentives.In this episode of All Else Equal: Ma...

7 Juni 202231min

Ep7 "Can Investors Effect Social Change?"

Ep7 "Can Investors Effect Social Change?"

How can investors play a part in accomplishing social change? In this episode of All Else Equal: Making Better Decisions, hosts Jules van Binsbergen and Jonathan Berk explore what strategies are avail...

3 Maj 202225min

Ep6 "Can (and Should) Corporations Be Taxed?" with Larry Summers

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In this episode, hosts Jules van Binsbergen and Jonathan Berk discuss the complexities of the corporate income tax with former Treasury Secretary Larry Summers, who argues for retaining the tax.Summer...

19 Apr 202227min

Ep5 "Why You Can't 'Agree to Disagree" with Robert Aumann

Ep5 "Why You Can't 'Agree to Disagree" with Robert Aumann

"The reason people disagree is because they're striving toward a different goal," says mathematician and Nobel Prize winner Robert Aumann. In this episode of All Else Equal, Aumann sits down with fina...

5 Apr 202234min

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