Hedge fund titan Cliff Asness, founder of AQR Capital Management, reflects on the “costly mistakes” of investing in U.S. equities, private equity, and Bitcoin over the next decade. Asness presents his warning from a future perspective. He foresees the downfall of Bitcoin and paints a picture of institutional investors’ reckless plunge into the crypto market. Specifically, he offers a humorous yet sobering glimpse into the consequences of speculative bubbles. Critics…
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