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Today\u2019s guest is Cliff Asness, co-founder, managing principal and Chief Investment Officer at AQR Capital Management.\xa0\nIn today\u2019s episode, Cliff & I start by talking about some quotes he may or may not have said in the past. Then we kick around a bunch of topics. We talk about diversifying by both asset class and geography, the challenge of managing short-term expectations while keeping a long-term perspective, and how AQR is implementing AI and machine learning in their investment process.\xa0\n(1:20) - Welcome to our guest, Cliff Asness\n(1:45) - Cliff\u2019s article in the Financial Times\n(2:30) - Parsing Cliff\u2019s real quotes from fake ones\n(8:56) - Thoughts on bonds as a diversifier\n(13:37) - Moving away from market-cap weighting\n(19:27) - Managing client expectations\n(29:30) - AQR Data Sets\n(29:56) - Alternative trend-following\n(43:48) - Position resizing for alternative strategies\n(48:06) - AQR implementing AI in their investment process\n(51:46) - Cliff\u2019s most controversial opinion\n(57:39) - Cliff\u2019s most memorable investment\nLearn more about Cliff: AQR; Twitter\n-----\nFollow Meb on Twitter, LinkedIn and YouTube\nFor detailed show notes, click here\nTo learn more about our funds and follow us, subscribe to our mailing list or visit us at cambriainvestments.com\n-----\nSponsor: Today\u2019s episode is sponsored by The Idea Farm. The Idea Farm gives you access to over $100,000 worth of investing research, the kind usually read by only the world\u2019s largest institutions, funds, and money managers. Subscribe for free here.\nFollow The Idea Farm: Twitter | LinkedIn | Instagram | Tik Tok\n-----\nInterested in sponsoring the show? Email us at Feedback@TheMebFaberShow.com\n-----\nPast guests include Ed Thorp, Richard Thaler, Jeremy Grantham, Joel Greenblatt, Campbell Harvey, Ivy Zelman, Kathryn Kaminski, Jason Calacanis, Whitney Baker, Aswath Damodaran, Howard Marks, Tom Barton, and many more.\xa0\n-----\nMeb's invested in some awesome startups that have passed along discounts to our listeners. Check them out here!\xa0\nLearn more about your ad choices. Visit megaphone.fm/adchoices