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Andrew Lo Quotes

1.
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

2.
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

3.
Financial crises are an unfortunate but necessary consequence of modern capitalism.
Andrew Lo

4.
Maybe we should teach schoolchildren probability theory and investment risk management.
Andrew Lo

5.
Great investors need to have the right combination of intuition, business sense and investment talent.
Andrew Lo

Similar Authors: Ralph Waldo Emerson William Shakespeare Donald Trump Mahatma Gandhi Barack Obama Rush Limbaugh Henry David Thoreau Friedrich Nietzsche Mark Twain Rajneesh Cassandra Clare C. S. Lewis Albert Einstein Oscar Wilde Thomas Jefferson
6.
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

7.
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

8.
While neurological studies have tried to identify components responsible for fear and greed, the impact on finance is less clear.
Andrew Lo

Quote Topics by Andrew Lo: Risk Psychological Disorders Technology Law Money Financial Linear Probability Theory Management Mother Reality Impact United States Study Opportunity Labor Simple Intuition Crisis Needs Modern Appreciated Cancer Events Years Thinking Greed Doe Cheaper
9.
My mother died of lung cancer last year. I felt helpless. As an economist, I thought, What can I do?
Andrew Lo

10.
Labor is getting more expensive and technology is getting cheaper.
Andrew Lo