The AQR chief has made clear that there are many things he doesn’t like: Democrats. The real Warren Buffet when a robotic alternative is available. College professors talking to him when he’s enjoying a bottle of wine. But these, friends, are just the beginning.
Saying I have a pet peeve, or some pet peeves, just doesn’t do it. I have a menagerie of peeves, a veritable zoo of them.
And now, you’re gonna hear about them. Or some of them, for, unluckily for readers, rather than writing a book-length airing of grievances like some other prominent hedge fund manager might, to say nothing of attempting to equal his ideological lodestone in verbosity, he plans to strictly limit himself to 10 for the purposes of this Financial Analysts Journal article, which runs a mere eight pages (nine including footnotes).
Luckily for readers, I will restrict this editorial to only those related to investing (you do not want to see the more inclusive list) and to only a mere 10 at that.
And that 10 will be a subset of the extremely stupid things Cliff Asness is forced to hear on a daily basis. And even then, he will restrain himself in mowing down the piffle that puts him in a bad mood.
Because of the machine-gun nature of this piece, these are mostly teasers. I don’t go into all the arguments for my points, and I blatantly ignore counterpoints (to which I assert without evidence that I have counter-counterpoints). But some deserve a more thorough treatment that hopefully I, or someone else, will undertake.
My Top 10 Peeves [FAJ]