Not enough disagreement in the transcripts to form camps. These are the positions taken by people with demonstrated expertise on this topic first, then by how many people heard them on it, then by VoiceRank.
Cliff Asness believes momentum trading can move asset prices toward their equilibrium or truth when the strategy is driven by an underreaction to new information.
“If that's the reason, and I think the weight of the opinion in academia, I believe, is towards this underreaction explanation, then even though you're trading on momentum, you're still moving the price towards kind of truth or equilibrium or something.”
Bloomberg Podcasts · Feb 2026 · 1 episode · 1K views on this topicPositions are extracted from transcripts by a model and may misattribute who said what. Every quote links to the episode it came from.