At the 2024 Bloomberg Invest Summit, Cliff Asness, the founder and CIO of AQR Capital Management, engaged in a riveting discussion with Bloomberg's Global Finance Correspondent, Sonali Basak, on the state of market efficiency and the impact of modern trends. Titled "Has the Market Gone Awry?" the panel delved into whether the financial markets are reflecting fundamentals accurately and the factors influencing market dynamics.
Market Efficiency in Question
Reflecting on his extensive career, Asness shared his journey from studying under Eugene Fama at the University of Chicago, where he was steeped in the efficient market theory. He...