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.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.


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Ep36 "Institutional Neutrality: Open Debate and Moral Stands" with John Etchemendy

Ep36 "Institutional Neutrality: Open Debate and Moral Stands" with John Etchemendy

What happens when universities and step off the sidelines and take a stance on contentious issues? Are they boarding a roller coaster that they can’t ever get off? In this episode, hosts and finance p...

29 Nov 202324min

Ep35 “Does Common Ownership Affect Product Market Outcomes?” with Martin Schmalz

Ep35 “Does Common Ownership Affect Product Market Outcomes?” with Martin Schmalz

It turns out your airline ticket prices might be affected by common ownership in mutual and index funds, but how? In this episode, hosts and finance professors Jonathan Berk and Jules van Binsbergen w...

23 Nov 202327min

Ep34 “Why Has Private Equity Grown So Much?” with Eric Zinterhofer

Ep34 “Why Has Private Equity Grown So Much?” with Eric Zinterhofer

What accounts for the recent growth of private firms? In this episode of All Else Equal: Making Better Decisions, hosts and finance professors Jonathan Berk and Jules van Binsbergen welcome Eric Zinte...

1 Nov 202329min

Ep33 How Risky Should Your Retirement Savings Be?

Ep33 How Risky Should Your Retirement Savings Be?

In this episode of All Else Equal: Making Better Decisions, hosts and finance professors Jonathan Berk and Jules van Binsbergen discuss the second half of the retirement equation, after going over how...

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Ep32 “Labor Unions and Detroit Struggle” with Larry Katz

Ep32 “Labor Unions and Detroit Struggle” with Larry Katz

With recent strikes making big news, what are the complexities at hand when Unions become involved in the labor force? Some are well known but other effects, both good and bad, have been less obvious....

5 Okt 202326min

Ep31 How Much Should You Save?

Ep31 How Much Should You Save?

How much are you supposed to save for retirement and how do you get there? What is the different advice for people with different plans or risk tolerances?In this episode of All Else Equal: Making Bet...

30 Aug 202327min

Ep30 “Becoming a Better Communicator” with Matt Abrahams

Ep30 “Becoming a Better Communicator” with Matt Abrahams

Are you breaking some basic rules of communication without knowing it? What are the things you can start doing right now to communicate better? In this episode of All Else Equal: Making Better Decisio...

2 Aug 202325min

Ep29 “How Do You Become CEO?” with Dirk Jenter

Ep29 “How Do You Become CEO?” with Dirk Jenter

A lot has been written and said about CEOs and their compensation, but who are they really and how did they get there? According to the data, what are the most likely paths to become one? In this epis...

29 Juni 202332min

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