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Academics are “simply looking at historical results and urging investors to 'buy the thing that’s gone up the most over the long term,'" AQR's Asness says.

United statesClifford asnessLasse heje pedersenMichaels odohertyScott cederburgAizhan anarkulovaAndrea frazziniHarry markowitzUniversity of arizonaEmory universityUniversity of missouriWall streetNobel prize