Andrew Lo Quotes

Our entire approach to the banking and financial services business is risk-adjusted returns. We believe that in most parts of the world, and including pockets in India, banking tends to mis-price risk.

When you have less risk, you have more fun. You can take risks. It's much easier to take risks when there's less money on the line.

We're in the business not so much of being contrarians deliberately, but rather we like to take perceived risk instead of actual risk. And what I mean by that is that you get paid for taking a risk that people think is risky, you particularly don't get paid for taking actual risk.

You want banks to take some risk, but intelligent risk.

I am a great believer that the risk should reflect the reward.

Everyone has a different definition of risk. Sometimes that creates opportunities as well.

I know many members of our community steer clear of Wall Street because of the perception that the stock market is risky, but I am convinced the biggest risk of all is not taking one.

It's the investor who is risky, not the investment.

There is no such thing as high returns without risk.

Just taking risks for risk's sake, that doesn't do it for me. I'm willing to take risks that I think are worth it, and I've worked so hard to make sure that I survive.

Often you need to take some risk, but it must be a realistic risk, you can't take a crazy risk.

If the risk is fully aligned with your purpose and mission, then it's worth considering.

And people who take risk intelligently can usually actually make a lot more progress than people who don't.

Between calculated risk and reckless decision-making lies the dividing line between profit and loss.

Most people have an aversion to risk, my college economics professor told me. Which means they have to be rewarded to take on that risk. The higher the risk, the higher the possible payout has to be for people to jump.

I like to take risks as long as they're healthy, you know. They're good, smart risks.

You have to take risks.

What I invest in, while not risky for me, may be too risky for most people.

An investment said to have an 80% chance of success sounds far more attractive than one with a 20% chance of failure. The mind can't easily recognize that they are the same.

Some of the most interesting research that I did was about risk assessment and how ordinary citizens like me handle risk assessment and how irregular our risk assessments are.

I think we need to think beyond the issue of absolute risk.

I've learned that all investments have risk.

People are used to dealing with risk.

People say I take too many risks. But the fact is, there is risk involved in every shot. You can get out trying to defend a ball as well.

People need to take a little bit more risk.