Andrew Lo Quotes

There's a tendency to look at investments in isolation. Investors focus on the risk of individual securities.

It's fine to seek professional help, but I urge everyone - no matter how big their portfolio - to truly understand every suggestion they're given before acting.

I've learned that all investments have risk.

Well, there's always risk in long-term investment.

If you live in the digital economy, you have to be careful to have your investment thesis squarely bolted into your reality.

You can learn investing by reading books.

You could lose hundreds or thousands one day on paper and gain it all back the next, and it has literally no effect on your immediate future, provided the money you have in the market is money you're investing for the long haul (meaning at least three to five years).

Even from the very beginning, I didn't put any money in the stock market.

Wide diversification is only required when investors do not understand what they are doing.

Investors have to ask themselves two questions. How much can we grow our investments? And, can we afford our mistakes?

I don't invest in the stock market. I did it a long, long time ago when I was really young, and I got involved in all the investigations and all the prosecutions, and I felt it was better if I didn't make individual investments. So I'm invested in funds, but not in individual - not in individual stocks.

I create offbeat advice; I don't follow it. I rarely take third-party advice on my investments.

Investing is about making probabilistic decisions with limited information about an unknowable future. The variables are well known, as are the possible outcomes.

I really did believe that the most successful investments were the ones that you could own for the long run.

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

Stock prices relative to company assets are no better at signaling the likelihood of future earnings growth than they were the day the Titanic sank, and risk management is a good deal worse.

You have to know what you own. You have to really do your homework in terms of knowing what supports your bonds.

The government can’t guarantee that you should earn profit from your investments.

There are two times in a man's life when he should not speculate [on the Stock Market]: when he can't afford it, and when he can.

Investing in a poker game and investing in stocks, at least the way I do it, it's a very similar skillset.

In some industries, we refer to risk taking as 'research and development.' At financial institutions, we often take risk by investing in securities.

One of the first things I tell people is, if you want to learn about investing, you want to open an account and make real investments because that's when it becomes real.

Remember that banks aren't markets. The market is amoral. The market doesn't care who you are. You're a trade to the market. The market will sell you if they think you're riskier.

Investing is not nearly as difficult as it looks. Successful investing involves doing a few things right and avoiding serious mistakes.

We have a broad range of investments. Anyone who invests in emerging markets around the world has investments in Russia. This is a tiny portion of our portfolio.