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.
My mother died of lung cancer last year. I felt helpless. As an economist, I thought, What can I do? - Andrew Lo
My mother died of lung cancer last year. I felt helpless. As an economist, I thought, What can I do?
- Andrew Lo
Financial crises are an unfortunate but necessary consequence of modern capitalism. - Andrew Lo
Financial crises are an unfortunate but necessary consequence of modern capitalism.
Great investors need to have the right combination of intuition, business sense and investment talent. - Andrew Lo
Great investors need to have the right combination of intuition, business sense and investment talent.
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
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…
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
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…
While neurological studies have tried to identify components responsible for fear and greed, the impact on finance is less clear. - Andrew Lo
While neurological studies have tried to identify components responsible for fear and greed, the impact on finance is less clear.
Maybe we should teach schoolchildren probability theory and investment risk management. - Andrew Lo
Maybe we should teach schoolchildren probability theory and investment risk management.
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
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 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 risks facing hedge funds are non-linear and more complex than those facing traditional asset classessuch risks are currently not widely appreciat…
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