Colleague Jack Otter caught up with AQR Capital Management’s Cliff Asness at Morningstar’s June conference to discuss a heady subject: The efficiency of markets.
On one side are those who believe that markets are quite efficient, whatever the short-term noise. Against this efficient-market hypothesis are most stock pickers, a number of hedge-fund managers and others who see room to exploit market quirks. The latter believe there’s opportunity for better-than-average returns and other benefits.
There's a gold rush coming as electric vehicle manufacturers fight for market share, proclaimed David Einhorn at this year's 2021 Sohn Investment Conference. Check out our coverage of the 2021 Sohn Investment Conference here. Q1 2021 hedge fund letters, conferences and more SORRY! This content is exclusively for paying members. SIGN UP HERE If you Read More