Sexist Comments Aside, Cliff Asness & Jim Grant Highlight Divide

You’ll have to excuse quantitative fund manager Cliff Asness.  In Grant’s Interest Rate Observer, Asness refers to what he describes as “the idiot trade.”  No, Asness wasn’t referring to his recent episode of foot-in-mouth disease on Bloomberg TV with Stephanie Ruhle. This was when Ruhle, a former Wall Street brokerage executive turned anchorwoman, called Asness on the table for what she termed a “sexist line.”  (Asness said to Ruhle, “You're giving me that look that I get when I talk to women about quant stuff.")

Cliff Asness: “Idiot trade” is trend following

No, the “idiot trade” to which Cliff Asness was likely referring in the Grant’s piece...