S4 Ep. 9 Expected Returns with Antti Ilmanen

Investment Uncut

Today we’re speaking to author and principal at AQR, Antti Ilmanen. Antti has made a career out of bridging the gap between finance theory and practice, and this year updated his 2011 book “Expected Returns” for a new environment. A lot has happened while Antti has been updating and releasing the new book so we dive first into how Antti thinks about setting expected returns on various assets including the use of historical data, the emphasis to place on current valuation levels and how to use forward-looking yields.