Not really sure... the guy is paid XXXmln (I can't disclose) thanks to the Midwest retirees
Frazzini — whatever you are doing, just do the opposite.
AQR losses deepen
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He may be laughing all the way to the bank but losing money for clients gets to you. It is a bad feeling, believe me. You start questioning your self-worth, which at this point AQR should definitely be doing.
Not really sure... the guy is paid XXXmln (I can't disclose) thanks to the Midwest retirees
Frazzini — whatever you are doing, just do the opposite.
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He may be laughing all the way to the bank but losing money for clients gets to you. It is a bad feeling, believe me. You start questioning your self-worth, which at this point AQR should definitely be doing.
Not really sure... the guy is paid XXXmln (I can't disclose) thanks to the Midwest retirees
Frazzini — whatever you are doing, just do the opposite.
LOL, not only that. Last year Cliff came to a conference with a bodyguard, so it's not just psychological
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He may be laughing all the way to the bank but losing money for clients gets to you. It is a bad feeling, believe me. You start questioning your self-worth, which at this point AQR should definitely be doing.
Not really sure... the guy is paid XXXmln (I can't disclose) thanks to the Midwest retirees
Frazzini — whatever you are doing, just do the opposite.
LOL, not only that. Last year Cliff came to a conference with a bodyguard, so it's not just psychological
how can he still be tweeting when this frazzini guy is sinking the ship?
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how can he still be tweeting when this frazzini guy is sinking the ship?
If you have a lifeboat, you don't care if the ship is sinking.
Some interesting people have invested in AQR. There is no lifeboat for them
Of course, and just like the people who perished due to the unsinkable Titanic, those interesting people will serve as a cautionary tale about allocation.
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See this from today (Dec 23, 2020) https://www.aqr.com/Insights/Perspectives/A-Gut-Punch and https://www.bloomberg.com/news/articles/2020-12-23/asness-says-longed-for-value-rebound-is-a-gut-punch-for-quants
AQR is Exhibit A of how p-hacked academic finance factors completely fall flat on their face in reality.