Here's why Billionaire Cliff Asness says that value's 'hell' has only made him more confident in the investing ethos — and what advice he'd give his younger self.

· AQR's Cliff Asness tells Corey Hoffstein of Newfound Research that value stocks are even cheaper than during the tech bubble right now.
· Despite the value factor's consistent underperformance recently, Asness, a billionaire, believes it will bounce back — and the pain that the factor has caused gives him even more...