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Rubble Logic: What did We Learn from the Great Stock Market Bubble?

Clifford S. Asness
AQR Capital Management, LLC

Financial Analysts Journal, Vol. 61, No. 6, pp. 36-53, November/December 2005

Abstract:
The Financial Analysts Journal's 60th anniversary happens to coincide with the five-year anniversary of the peak of the Great Stock Market Bubble of 1999-2000. The combination of proximity in time, with just a bit of distance, makes this year an appropriate time to consider what we may have learned from this momentous event. This article suggests lessons that, if we haven't learned them, we should have.

Keywords: Investment Industry, Future Directions and Sources of Change, Portfolio Management, Asset Allocation, Equity Strategies

Accepted Paper Series

Date posted: January 02, 2006 ; Last revised: January 02, 2006

Suggested Citation

Asness, Clifford S., Rubble Logic: What did We Learn from the Great Stock Market Bubble?. Financial Analysts Journal, Vol. 61, No. 6, pp. 36-53, November/December 2005. Available at SSRN: http://ssrn.com/abstract=872780

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Contact Information

Cliff S. Asness (Contact Author)

AQR Capital Management, LLC ( email )

900 Third Avenue, 17th Floor
New York, NY 10022
United States
212-940-3601 (Phone)
212-940-3699 (Fax)

HOME PAGE: http://www.aqrcapital.com