Andrew Lo Quotes & Sayings (Page 2)

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

“Maybe we should teach schoolchildren probability theory and investment risk management.”

“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!”

“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?'”

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

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

“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.”

“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 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.”

“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.”