Explore the most impactful and insightful quotes and sayings by Andrew Lo, and enrich your perspective with the wisdom. Share these inspiring Andrew Lo quotes pictures with your friends on social media platforms such as Facebook, Twitter, or your personal blogs, completely free. Here are the top 23 Andrew Lo quotes for you to read and share.
Most people are overconfident about their own abilities. That is probably a good thing. But we would be horrified if a physician's aide engaged in heart surgery. -- Andrew Lo
My mother died of lung cancer last year. I felt helpless. As an economist, I thought, 'What can I do?' -- Andrew Lo
Great investors need to have the right combination of intuition, business sense and investment talent. -- Andrew Lo
If troubled companies want to explain away 2008 as a 'black swan,' then someone should take responsibility for creating the oil slick that seems to have tarred the entire flock! -- Andrew Lo
The adaptive markets hypothesis says that all economic institutions, like our own species, develop and change over time, depending on the population of investors that are engaged with them. -- Andrew Lo
While neurological studies have tried to identify components responsible for fear and greed, the impact on finance is less clear. -- Andrew Lo
More and more investors may be coming into markets everywhere but that doesn't mean that the markets are really getting more and more efficient, even in the United States. It does mean that there is more access for savvy investors who watch the money flows. -- Andrew Lo
What makes this story so remarkable is that throughout my early childhood I had ongoing learning difficulties, particularly in mathematics. I struggled to learn the multiplication table, and no matter how hard I tried, I simply couldn't remember 6 times 7 or 7 times 8. -- Andrew Lo
Ideas percolate. Through natural selection, the best ones survive. -- Andrew Lo
Cancer is the great equalizer. Everyone is affected by it either themselves or through loved ones. -- Andrew Lo
The United States has the most sophisticated financial markets in the world, which does not leave much room to maneuver. But it also offers investors the greatest access to information and the ability to execute trades quickly and efficiently. So it is a mixed bag of opportunity. -- Andrew Lo
The risks facing hedge funds are non-linear and more complex than those facing traditional asset classessuch risks are currently not widely appreciated or well-understood -- Andrew Lo
I don't entirely reject the idea of efficient markets. It needs updating. -- Andrew Lo
Economists suffer from a deep psychological disorder that I call 'physics envy'. We wish that 99 percent of economic behavior could be captured by three simple laws of nature. In fact, economists have 99 laws that capture 3 percent of behavior. Economics is a uniquely human endeavor ... -- Andrew Lo
Financial crises are an unfortunate but necessary consequence of modern capitalism. -- Andrew Lo
If we are able to allow people to earn a decent rate of return, with sufficient scale, we can all do well by doing good. -- Andrew Lo
Maybe we should teach schoolchildren probability theory and investment risk management. -- Andrew Lo
Many of us like to think of financial economics as a science, but complex events like the financial crisis suggest that this conceit may be more wishful thinking than reality. -- Andrew Lo
If you rank the top 50 one-day moves in the S&P 500, a fair number of those happened within the last five or 10 years. That tells you that we're in a different, riskier market now. -- Andrew Lo
Labor is getting more expensive and technology is getting cheaper. -- Andrew Lo
During periods of extreme fear or greed, you don't have the proper balance between those two to generate market efficiency and you get extremes in behavior. -- Andrew Lo
Some people might say, 'Can we afford it?' I think that's asking the wrong question ... We should instead be asking, 'Can we really afford not to try?' -- Andrew Lo
It's important to understand how people perceive risk, and how that translates into investment behavior. -- Andrew Lo