#i

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

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

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

— Andrew Lo

#management #maybe #probability #risk #risk management

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. ↗

— Andrew Lo

#coming #does #efficient #even #everywhere