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The Indicator from Planet Money · Monday, September 28, 2026

Cliff Asness: The 'Mad Genius' Behind the Tax Dodge Loophole

Cliff Asness, the founder of AQR Capital Management, is described as a 'mad genius' who developed sophisticated investment strategies to help the ultra-wealthy minimize taxes. Despite his brilliance, Asness is known for a volatile personality, admitting to punching computer screens during financial crises.

personCliff AsnesscompanyAQR Capital Management

The tape

2 quotes
“He's, let's say, a mad genius in a way, who has found this way to help rich people slash their tax bills, potentially to the extreme.”
Lucretia Gifpolu
“At the same time, he's got a massively short fused. He shouts at people. He's admitted that during the financial crisis, he was punching through computer screens, maybe afterwards as well.”
Lucretia Gifpolu
Heard on The Indicator from Planet Money — “How the rich make money by losing money”, published Monday, September 28, 2026. Heardvine summarizes and quotes with attribution and timestamps, and links to the original everywhere.
Transcribed via Gemini audio transcription · $0.01
Cliff Asness: The 'Mad Genius' Behind the Tax Dodge Loophole — Heardvine