Andrew Lo People Quotations

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 in heart surgery.

Some people might say, 'Can we afford it?' I think that's asking the wrong question... We should instead be asking, 'Can we really afford not to try?'

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

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.

Finance and economic research has hit a wall. We can't answer any more questions by running another regression analysis. Now, we need to get inside the brain to understand why people make decisions.