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Antti and Thom again! Part 4 of Antti's and Thom's series on expectations formation turns to the history of how academics and investors think about long-run expected returns.  New paper: aqr.com/Insights/Resea… Full series: aqr.com/Learning-Cente…

"The optimal time to publish a paper is after you've made money from something for eleven years, and an hour and a half before someone else is going to publish the paper, and we cannot get that right." -Clifford Asness

The world is now a safer place. Thank you, President Trump. 🇺🇸

As I’ve long maintained, this was the correct move by President Donald J. Trump. Iran is the world’s leading sponsor of terrorism and cannot have nuclear capabilities. I’m grateful for and salute the finest military in the world. 🇺🇸

Ben Rhodes hasn’t posted anything taking credit yet but you gotta hand it to him. Obama signs that deal 10 years ago and sure enough Iran has no nuclear weapons now.

I’m worried that given everything on Rubio’s plate these days he’s shirking his responsibilities as Chief Archivist.

Never Again >>> Never Trump Get your priorities right people.

Tucker rn

What a speech! If he ended tonight with “and you get a tariff and you get a tariff and you get a tariff!” it would be ok.

You know, listening to CNN and MSNBC, it’s almost like they wish the bunker busters missed.

Look who wasn’t allowed to wear the red tie tonight. Hmm…

bloomberg.com/news/features/… “The more likely scenario is that they convince Iran that cooperation and transparency don’t work and that building deeper facilities and ones not declared openly is more sensible to avoid similar targeting in future,” she said. TRANSLATION FROM BRITISH

Trump is now the center And Candace Owens will meet AOC at the heels of the horseshoe

This is your occasional reminder that yield and total return are not the same thing. barrons.com/articles/berks…

Honored to be your pinned tweet!

Yes, what we had to do was let them build nukes, so they wouldn’t build nukes! Got it!

Is there anything more useless and legal CYA nonsense than a pharmaceutical commercial that tells you “don’t take our drug if you’re allergic to it”?