Author: Andrew Lo

Quotes

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.

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

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.

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

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.

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

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

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.

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

- 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.

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

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

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

- Andrew Lo

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