Cliff Asness Inspirational Quotes (3)

You’ve got to guess at worst cases: No model will tell you that. My rule of thumb is double the worst that you have ever seen.

The president's attempted diktat takes money from bondholders and gives it a labor union that delivers money and votes for him.... Shaking down lenders for the benefit of political donors is recycled corruption and the abuse of power.

The term bubble should indicate a price that no reasonable future outcome can justify.