“During periods of extreme fear or greed, you don't have the proper bal...” — Andrew Lo Quote

“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.”

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

“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.”

“In time we hate that which we often fear.”

“It is the strange fate of man, that even in the greatest of evils the fear of the worst continues to haunt him.”

“A writer of fiction lives in fear. Each new day demands new ideas and he can never be sure whether he is going to come up with them or not.”