Andrew Lo: Finding the Perfect Portfolio--a 'Never-Ending Journey'

<p>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 <i>In Pursuit of the Perfect Portfolio</i>, 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.</p><p><strong>Background</strong></p><p><a href="https://mitsloan.mit.edu/faculty/directory/andrew-w-lo" target="_blank">Bio</a></p><p><a href="https://www.amazon.com/Pursuit-Perfect-Portfolio-Insights-Pioneers/dp/0691215200/ref=tmm_hrd_swatch_0?_encoding=UTF8&qid=1643649744&sr=1-1" target="_blank"><i>In Pursuit of the Perfect Portfolio: The Stories, Voices, and Key Insights of the Pioneers Who Shaped the Way We Invest</i></a>, by Andrew W. Lo and Stephen R. Foerster</p><p><a href="https://www.amazon.com/Adaptive-Markets-Financial-Evolution-Thought/dp/0691135142/ref=tmm_hrd_swatch_0?_encoding=UTF8&qid=&sr=" target="_blank"><i>Adaptive Markets: Financial Evolution at the Speed of Thought</i></a>, by Andrew W. Lo</p><p><strong>History</strong></p><p>“<a href="https://thetchblog.com/2019/08/05/thirty-maidens-of-geneva/" target="_blank">Thirty Maidens of Geneva</a>,” the Tontine Coffee-House, thetch.blog.com, Aug. 5, 2019.</p><p>“<a href="https://sfoerster-5338.medium.com/what-an-18th-century-swiss-scheme-teaches-us-about-diversification-and-financial-innovations-c3eb65755463" target="_blank">Why 18th Century Swiss Bankers Bet on the Lives of Young Girls</a>,” by Stephen Foerster, sfoerster-5338.medium.com, Sept. 2, 2021.</p><p><a href="htt