About this episode
Our guest this week is Dr. Andrew Lo. Dr. Lo is the Charles E. & Susan T. Harris Professor, a professor of finance, and the director of the Laboratory for Financial Engineering at the MIT Sloan School of Management. His current research spans five areas, including evolutionary models of investor behavior and adaptive markets, systemic risk, and financial regulation, among others. Dr. Lo has published extensively in academic journals and authored a number of books including In Pursuit of the Perfect Portfolio , which he cowrote with Stephen Foerster. He has received numerous awards for his work and contributions to modern finance research throughout his career. He holds a bachelor's in economics from Yale University and an AM and Ph.D. in economics from Harvard University. Background Bio In Pursuit of the Perfect Portfolio: The Stories, Voices, and Key Insights of the Pioneers Who Shaped the Way We Invest , by Andrew W. Lo and Stephen R. Foerster Adaptive Markets: Financial Evolution at the Speed of Thought , by Andrew W. Lo History “ Thirty Maidens of Geneva ,” the Tontine Coffee-House, thetch.blog.com, Aug. 5, 2019. “ Why 18th Century Swiss Bankers Bet on the Lives of Young Girls ,” by Stephen Foerster, sfoerster-5338.medium.com, Sept. 2, 2021. John Maynard Keynes Benjamin Graham Harry Markowitz Harry Markowitz Modern Portfolio Theory What Is a Gunslinger? William F. Sharpe William F. Sharpe What Is the Sharpe Ratio? Capital Asset Pricing Model (CAPM) “ Keynes the Stock Market Investor: A Quantitative Analysis ,” by David Chambers, Elroy Dimson, and Justin Foo, papers.ssrn.com, Sept. 26, 2013. Eugene F. Fama Eugene Fama What Is the Efficient Market Hypothesis? “ Algorithmic Models of Investor Behavior ,” by Andrew Lo and Alexander Remorov, eqderivatives.com, 2021. “ In Pursuit of the Perfect Portfolio: Eugene Fama ,” Interview with Andrew Lo and Eugene Fama, youtube.com, Dec. 15, 2016. “ Why Artificial Intelligence May Not Be as Useful or as Challenging as Artificial Stupidity ,” by Andrew Lo, hdsr.mitpress.mit.edu, July 1, 2019. John C. Bogle John Bogle Cost Matters Hypothesis Charles D. Ellis Charley Ellis Greenwich Associates “ Charley Ellis: Why Active Investing Is Still a Loser’s Game ,” The Long View podcast, Morningstar.com, May 27, 2020. Other “ 7 Principles to Help You Create Your Perfect Portfolio ,” by Robert Powell, marketwatch.com, Nov. 10, 2021. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.