Cliff Asness: Holy Cow The New York Rangers Are Worse than the Chicago Cubs!

Cliff Asness: Holy Cow The New York Rangers Are Worse than the Chicago Cubs!

I’m taking a break from the factor timing wars to demonstrate something really important – that hockey’s New York Rangers not winning the Stanley Cup from 1940-1994 was a greater achievement (“achievement” being, you know, really bad in this context) than baseball’s Chicago Cubs not winning the World Series from 1908-2015. Besides a break, it’s also a nice math/probability reminder about looking at everything, not just headline numbers that seem applicable to investing. Furthermore, it’s apropos now as my New York Rangers just got eliminated from the...