31 Quotes by Andrew Lo

It's important to understand how people perceive risk, and how that translates into investment behavior.

Financial crises are an unfortunate but necessary consequence of modern capitalism.

Ideas percolate. Through natural selection, the best ones survive.

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!

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.

I don't entirely reject the idea of efficient markets. It needs updating.

Cancer is the great equalizer. Everyone is affected by it either themselves or through loved ones.

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.

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.