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… — Andrew Lo Copy Share Image
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 greatest access to information and the ability to execute trades quickly and efficiently. So… — Andrew Lo Copy Share Image
Economists suffer from a deep psychological disorder that I call 'physics envy'. We wish that 99 percent of economic behavior could be captured by… — Andrew Lo Copy Share Image
My mother died of lung cancer last year. I felt helpless. As an economist, I thought, 'What can I do?' — Andrew Lo Copy Share Image
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… — Andrew Lo Copy Share Image
Cancer is the great equalizer. Everyone is affected by it either themselves or through loved ones. — Andrew Lo Copy Share Image
While neurological studies have tried to identify components responsible for fear and greed, the impact on finance is less clear. — Andrew Lo Copy Share Image
Many of us like to think of financial economics as a science, but complex events like the financial crisis suggest that this conceit may… — Andrew Lo Copy Share Image
Great investors need to have the right combination of intuition, business sense and investment talent. — Andrew Lo Copy Share Image
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… — Andrew Lo Copy Share Image
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… — Andrew Lo Copy Share Image
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,… — Andrew Lo Copy Share Image
