Cliff Asness.Lucy Nicholson/Reuters
Cliff Asness warned stocks may be overpriced and bond markets are signaling a major recession.
The AQR boss fears a financial crisis, and says Warren Buffett and quant traders have similarities.
Asness is worried about commercial real estate and is bullish on cheap stocks.
Buoyant stocks may have lost touch with economic reality, bond markets are screaming recession, and commercial real estate could be in trouble, Cliff Asness has warned.
The billionaire investor and AQR Capital Management founder is also fearful of a financial crisis, sees parallels between Warren Buffett and quantitative traders, and expects cheap stocks to outperform in the years ahead.
He made the comments during a recent episode of “Bloomberg Wealth with David Rubenstein.”
Here are Asness’ 8 best quotes, lightly edited for length and clarity:
1. “We raised a billion dollars. And through diligence, hard work and some good calls, we’ve turned that into half a billion dollars.” (Asness…
2023-06-03 13:45:00
Original from finance.yahoo.com