Cliff Asness: ‘The Problem Was Never Beta. The Problem Was Paying Alpha Fees for Beta’

<p>Today on the podcast we welcome back Cliff Asness. Cliff is the founder, managing principal, and chief investment officer at AQR Capital Management. Cliff writes often about investing and financial matters on AQR’s website and has been a prolific researcher throughout his career, with his contributions appearing in many of the leading scholarly journals, including the <i>Journal of Portfolio Management</i>, <i>Financial Analyst’s Journal</i>, <i>the Journal of Finance</i>, and the <i>Journal of Financial Economics</i>. Before co-founding AQR, Cliff was a managing director and director of quantitative research for the asset management division of Goldman Sachs. Cliff Asness, welcome back to <i>The Long View</i>.</p><h2>Background</h2><p><a href="https://www.aqr.com/About-Us/OurFirm/Cliff-Asness-Bio">Bio</a></p><p><a href="https://x.com/CliffordAsness?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Eauthor">@CliffordAsness</a></p><p>“<a href="https://www.morningstar.com/podcasts/the-lo...