Asness Says Stock Market Tied for Most Irrational Ever

The transcript discusses the challenges faced by AQR and value investing over the years, highlighting market conditions and investment strategies. It explores the impact of industry effects and value spread, particularly during the tech bubble. The discussion also examines factors affecting market performance and addresses critiques of current investment approaches, offering insights into the future outlook for value investing.

In what ways does the speaker believe the market has changed over the years?

What is the speaker's opinion on the explanations provided for the struggles in performance?