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The Clay Travis and Buck Sexton Show

The Karol Markowicz Show: Cliff Asness on Markets, Math, and Meaning

The Clay Travis and Buck Sexton Show

iHeartPodcasts

Society & Culture, Daily News, News, Politics, News Commentary

4.511.4K Ratings

🗓️ 10 October 2025

⏱️ 28 minutes

🧾️ Download transcript

Summary

In this episode, AQR Capital Management co-founder Cliff Asness opens up about his path from math prodigy to one of the most influential voices in quantitative investing. Known for his sharp wit and candid opinions, Asness discusses his political views, worries about today’s polarized climate, and how AI is reshaping the future of work.

Transcript

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0:00.0

This is an I-Heart podcast.

0:04.0

What I told people, I was making a podcast about Benghazi.

0:08.5

Nine times out of ten, they called me a masochist, rolled their eyes, or just asked, why?

0:15.1

Benghazi, the truth became a web of lies.

0:18.5

From prologue projects and Pushkin Industries, this is Fiasco, Benghazi.

0:23.9

What difference at this point does it make?

0:27.4

Listen to Fiasco, Benghazi, on the IHeart Radio app, Apple Podcasts, or wherever you get your podcasts.

0:42.3

Hi, and welcome back to the Carol Markowitz Show. My guest today is Cliff Asnes.

0:44.3

Cliff is co-founder and managing principal of AQR Capital Management, a 155B quantitative investment manager.

0:53.3

Hi, Cliff, so nice to have you on.

0:56.0

Thank you, Carol. It's nice to be here.

0:58.0

Cliff, those words, I mean, I don't really know what my husband does. So I really don't know. What is a 155B quantitative investment manager?

1:08.0

I think probably me, but someone sent you an abbreviation for a billion dollars.

1:14.0

Okay.

1:14.7

We manage about $150 billion for clients.

1:18.4

I see.

1:19.4

And did you always want to be a quantitative investment manager?

1:23.7

I don't think anyone, you know, at the age of seven, playing little league, says, you know,

1:31.7

what I want to do is grow up to be a quantitative investment manager.

1:36.4

So what did you want to be?

1:37.5

I was always kind of a mathy kid.

1:40.3

Mm-hmm.

...

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