Asness Emphasizes Discipline Amid Market Uncertainty

Cliff Asness, founder of AQR Capital Management, told TD Wealth in a recent interview that current market concentration and technological change complicate valuation and benchmarking. He cautioned against hastily calling a tech bubble, defended bonds' longer-term stabilizing role, and said quantitative investing increasingly uses new datasets and machine learning. He urged disciplined, adaptable systematic processes for investors facing persistent uncertainty.