The value spread during the COVID crash and recovery reached a new hundredth percentile, exceeding the dot-com bubble peak by approximately 25%, though by the time of this interview it has narrowed to the 75th percentile historically.

factualpending

Speaker

Cliff Asness

Evidence Quote

that disparity...hit a new hundredth percentile during COVID surpassed the dot com...We're about 75th percentile now on our measures.

Source

The Bridge Ep. 11: Expensive Isn't a BubbleiCapital
Created: 8/12/2026, 6:23:51 PM

My Notes

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