Odd Lots

Cliff Asness on How Markets Got Dumber in the Last 10 Years

November 13, 2025·57 min·6-min readconversationalfinance
Podzilla Summary (6 min)
TLDR
In a wide-ranging conversation marking the 10-year anniversary of the All Thoughts Podcast, hosts Tracy Alloway and Joe Weisenthal speak with Cliff Asness, co-founder and CIO of AQR, about the increasing irrationality in financial markets, the evolution of quantitative investing, and the

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Guest

C

Cliff Asness

conversational on Odd Lots

Mentions

Books, people, and resources mentioned in this episode.

People

Cliff AsnessEugene Fama

Books

Scorecastingby Toby Moskowitz

Companies

AQR

Research & Papers

The Less Efficient Market Hypothesisby Cliff Asness

Topics

Artificial IntelligenceEconomicsFintechInflationInvestingMachine LearningStock Market

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