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

- Andrew Lo

My mother died of lung cancer last year. I felt helpless. As an economist, I thought, What can I do?

- Andrew Lo

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

- Andrew Lo

Economists suffer from a deep psychological disorder that I call 'physics envy'. We wish that 99 percent of economic behavior could be captured by th…

- 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 wish…

- Andrew Lo

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

- Andrew Lo

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

- Andrew Lo

The risks facing hedge funds are non-linear and more complex than those facing traditional asset classessuch risks are currently not widely appreciat…

- Andrew Lo

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…

- Andrew Lo