It's important to understand how people perceive risk, and how that translates into investment behavior. Andrew Lo behaviorimportantinvestment Change image and share on social
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 balancebehaviorefficiency Change image and share on social
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 abilityaccessbag share on social
I don't entirely reject the idea of efficient markets. It needs updating. Andrew Lo efficientideamarket Change image and share on social
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 decentearngood Change image and share on social
Ideas percolate. Through natural selection, the best ones survive. Andrew Lo ideanaturalpercolate Change image and share on social
Great investors need to have the right combination of intuition, business sense and investment talent. Andrew Lo businesscombinationgreat Change image and share on social
Financial crises are an unfortunate but necessary consequence of modern capitalism. Andrew Lo capitalismconsequencecrisis Change image and share on social
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 affordpeoplequestion Change image and share on social
My mother died of lung cancer last year. I felt helpless. As an economist, I thought, 'What can I do?' Andrew Lo cancerdieeconomist Change image and share on social
