A Quote by Andrew Lo

While neurological studies have tried to identify components responsible for fear and greed, the impact on finance is less clear. — © Andrew Lo
While neurological studies have tried to identify components responsible for fear and greed, the impact on finance is less clear.
But in the financial markets, without proper institutional rules, there's the law of the jungle - because there's greed! There's nothing wrong with greed, per se. It's not that people are more greedy now than they were 20 years ago. But greed has to be tempered, first, by fear of losses. So if you bail people out, there's less fear. And second, b prudential regulation and supervision to avoid certain excesses.
Gambling interests hire lots of economists to do impact studies, but what you need is cost-benefit analysis, and you'll never see the industry finance those
... The reality is that atmospheric CO2 has a minimal impact on greenhouse gases and world temperature. Water vapor is responsible for 95 percent of the greenhouse effect. CO2 contributes just 3.6 percent, with human activity responsible for only 3.2 percent of that. That is why some studies claim CO2 levels are largely irrelevant to global warming.
Each of us needs to eliminate our anger, fear and greed. The roots of social conflicts and political tensions are in personal anger, fear and greed.
It's a familiar truism that at any one moment, financial markets are dominated by either fear or greed. But the healthiest markets are those that are animated by both fear and greed at the same time.
A little more kindness, A little less speed, A little more giving, A little less greed, A little more smile, A little less frown, A little less kicking, A man while he's down, A little more "We", A little less "I", A little more laugh, A little less cry, A little more flowers, On the pathway of life, And fewer on graves, At the end of the strife.
What is the opposite of abundance? It's not scarcity. It's greed. Greed is the belief that there is not enough for everyone, so you'd better grab yours now. What is the opposite of love? It's not hate. It's fear. Fear is the belief that someone or something can hurt you.
Irony: While we increasingly hold people more responsible if they drink and drive, we hold women less responsible if they drink and have sex.
My books are not about different components that fit together like pieces in a jigsaw puzzle, it's about creating the space around the components, which is almost as important as the components themselves. And that space changes and blends depending upon what the components are.
In most ecological systems you have a composite, biotic components as well as abiotic components acting together to form a whole, whereas in a human built environment most of the components are abiotic or they are inorganic. One of the first things we need to do is to complement the inorganic components with more organic components, and to make them interact to form a whole.
Thousands of people have tried, and the evidence is clear: The more you trade, the less you keep.
When we have a better, more social, more responsible, less egotistical, less corrupt system, Mexico will be able to give work to the millions of Mexicans who have to build our roads, dams, schools, all the things that are left undone in Mexico while we have the manpower. There is something very bad going on, on both sides of the border in Mexico and the US. But the worker is a worker, not a criminal. So, I am in favor of a solution such as the Kennedy-McCain proposals that make it clear what steps have to be taken to accept the fact that the US needs foreign workers.
If we can find forgiveness in our hearts for those who have caused us hurt and injury, we will rise to a higher level of self-esteem and well-being. Some recent studies show that people who are taught to forgive become 'less angry, more hopeful, less depressed, less anxious and less stressed,' which leads to greater physical well-being. Another of these studies concludes 'that forgiveness ... is a liberating gift [that] people can give to themselves.'
The brain process that results in a joke materializing where no joke was before remains a mystery. I'm not aware of any scholarly, scientific or neurological studies on the subject.
Greed, for lack of a better word, is good. Greed is right. Greed works. Greed clarifies and cuts through to the essence of the evolutionary spirit.
When one, abandoning greed, feels no greed for what would merit greed, greed gets shed from him - like a drop of water from a lotus leaf.
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