Andrew Lo

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

— Andrew Lo

#cancer #either #equalizer #everyone #great

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

#behavior #between #during #efficiency #extreme

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

— Andrew Lo

#consequence #crises #financial #financial crises #modern

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

— Andrew Lo

#business sense #combination #great #intuition #investment

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

— Andrew Lo

#entirely #i #idea #markets #needs

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

— Andrew Lo

#ideas #natural #natural selection #ones #selection

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! ↗

— Andrew Lo

#black #companies #creating #entire #explain

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

#allow #decent #doing #doing good #earn

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. ↗

— Andrew Lo

#different #fair #five #happened #last

It's important to understand how people perceive risk, and how that translates into investment behavior. ↗

— Andrew Lo

#how #important #into #investment #people