5 ms·
If Andrew Lo's theory of adaptive markets is any good, why isn't he rich? This looks like dressed up technical analysis.
by pdog 9y ago
If Andrew Lo's theory of adaptive markets is any good, why isn't he rich? This looks like dressed up technical analysis.
- dsacco 9y agoKeep in mind the following: 1. Economic theories can be empirically descriptive without being constructively prescriptive (much like other theoretical disciplines, such as math or physics), 2. You're reading about his work from what is effectively a watered down blurb on a Bloomberg webpage, 3. He actually is the founder and chief investment officer of a fund with over $5B AUM, so yes, he likely is "rich".
- javiramos 9y agoHis fund, AlphaSimplex ($5AUM), has had very poor returns since inception.