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Adaptive Quote by Andrew Lo

“The adaptive markets hypothesis says that all economic institutions, like our own species, develop and change over time, depending on the population of investors that are engaged with them.” quote by Andrew Lo — Download Open image

“The adaptive markets hypothesis says that all economic institutions, like our own species, develop and change over time, depending on the population of investors that are engaged with them.”

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More by 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…

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

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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…

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

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

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Many of us like to think of financial economics as a science, but complex events like the financial crisis suggest that this conceit may…

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

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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…

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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…

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Labor is getting more expensive and technology is getting cheaper.

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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,…

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

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Explore all 23 Andrew Lo quotes

More Adaptive quotes

We have the most flexible and adaptive economy. Making sure we sustain the ability of the American economy to perform well is really the…

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The proof given by Wright, that non-adaptive differentiation will occur in small populations owing to "drift," or the chance fixation of some new mutation or recombination, is one of the most important results of mathematical analysis applied to the facts of neo-mendelism. It gives accident as well as adaptation a place in evolution, and at one stroke explains many facts…

If you look at body fat, it seems to increase with age, even though your weight does not. That's a physiological fact of aging,…

Kenneth H. Cooper

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Water is patient; it can stagnate and let itself be coated with scum if need be. It is as gentle as the morning's dew. It is non-confrontational, even respectful, in circumventing the rocks in a stream. It makes room for everything that enters its pools. It accommodates by assuming the shape of any vessel it is poured into. And it…

Organizations that empower folks further down the chain or try to get rid of the big hierarchal chains and allow decision making to happen…

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It's not the strongest or the most intelligent who survive, but those most adaptive to change. Over the past 10 years, the need for,…

Kenneth I. Chenault

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The Darwinian adaptive trait of our time is the ability to figure out when we are being lied to on television.

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Effective use of Braille is as important to the blind as independent mobility, knowledge in the use of adaptive technology, and the core belief…

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Leadership is the ability to step outside the culture to start evolutionary change processes that are more adaptive.

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A...reason we are so-so scientists is that our brains were shaped for fitness, not for truth. Sometimes truth is adaptive, but sometimes it is…

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The realizations of anarchist ideas and practices are like sociopolitical ecosystems. Local versions resemble each other, but they are endlessly adaptive and everywhere different…

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Sensitivity to nature is not an innate attribute of indigenous peoples. It is a consequence of adaptive choices that have resulted in the development…

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