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Andrew Lo Quotes: Many of us like to think of financial economics as a science, but complex events like the financial crisis suggest that this conceit may be more wishful thinking than reality.
         

Many of us like to think of financial economics as a science, but complex events like the financial crisis suggest that this conceit may be more wishful thinking than reality.


Andrew Lo
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Other quotes of Andrew Lo


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

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



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

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



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



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

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



The risks facing hedge funds are non-linear and more complex than those facing traditional asset classessuch risks are currently not widely appreciated or well-understood

The risks facing hedge funds are non-linear and more complex than those facing traditional asset classessuch risks are currently not widely appreciated or well-understood



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

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



Labor is getting more expensive and technology is getting cheaper.

Labor is getting more expensive and technology is getting cheaper.



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

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





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Quote Description


This page presents the quote "Many of us like to think of financial economics as a science, but complex events like the financial crisis suggest that this conceit may be more wishful thinking than reality.". Author of this quote is Andrew Lo. This quote is about financial crisis, reality, may, conceit, wishful thinking, economics, financial, science, thinking,.