Evidence receipt / recommendation
Published · transcript-backedCliff Asness: recommendation
18 Nov 2015 Conversations with Tyler Cliff Asness on Comics and Why Never to Share a Gym with Cirque du Soleil (Live at Mason)
“I think pretty much nobody in an expected sense — of course, some will get lucky — should do that casually.”
Source trail
Everything needed to verify it.
- Speaker
- Cliff Asness
- Attribution
- Verified speaker
- Claim type
- recommendation
- Recorded
- 18 Nov 2015
- Publisher
- Conversations with Tyler
Transcript context
…Sure. I don’t think anyone’s done a great job of nailing where that money lands. But I think if people came up with good strategies and somehow disciplined themselves to do far, far less. The worst case is if someone — I don’t think many professional traders can make money trading in and out constantly. I think pretty much nobody in an expected sense — of course, some will get lucky — should do that casually. So, if you’re doing that, you’re making a giant error. But if you’re even looking at it and going, “I used like this, but the three to five, it’s been tough. Get me out.” If you’re getting out because you feel sick to your stomach about it, you’re making a mistake. What should we do? Here, I’m leaving the “we” deliberately ambiguous, to make securities trading more just, more fair. You can pick the “we” you want.…
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