The author acknowledges that his paper on less efficient markets is largely opinion rather than formal statistical proof, as specified in the paper, and he is intentionally not claiming p-values or t-statistics despite his usual academic approach.

factualpending

Speaker

Cliff Asness

Evidence Quote

I'm not going to be claiming I have uh A P value of 003...it is more anecdotal and logical [14:00]

Source

The Market is Getting Less Efficient: Here is Why That is GREAT for Value Investors | Cliff AsnessExcess Returns
Created: 8/11/2026, 6:49:12 AM

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