Warren Buffett has more in common with quant traders than it seems, elite investor Cliff Asness says
Asness also broke down the difference between what quants call"value" and the practice of"value investing." Quants use the term to describe how cheap a company's stock is relative to fundamentals such as sales, profits, or cash flow. Meanwhile, Buffett and other value investors look beyond those ratios to determine if a company is a bargain or not, he said.
"That is not the holistic measure of value a guy like Warren Buffett, or any Graham-and-Dodd-style value investor, would look at," Asness said.competitive moatsSimilarly, quants consider their definition of value as one factor in their analysis of a company, he said.
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