MIT Sloan's Andrew Lo received the first Market Technicians Association Educational Foundation (MTAEF) Mike Epstein Award in honor of his long-term support of technical analysis in academia and practice.
MIT Sloan Prof. Andrew Lo comments on end-of-year concerns for a 'double-dip' recession: "Year end is typically not a great time and the flight to safety into bills in motivated in part by general concerns about the economy and whether another shoe, such as commercial real estate, will drop," says Lo.
Citadel may have a higher burden of proof than other brokers since its bread-and-butter business is making bets in the markets. "The perception of a conflict of interest is a hurdle that they're going to have to go the extra mile to manage," says Andrew Lo, a professor of finance at MIT's Sloan School of Management.
A study co-authored by MIT Sloan Prof. Andrew Lo concluded that under certain conditions, all it takes to fan the flames [of a financial crisis] is for a critical mass of people to extract money from their homes in the form of home equity loans, sales and "cash-out" refinancing.
MIT Sloan Prof. Andrew Lo of MIT's Sloan School of Management points out that in the physical sciences three laws can explain 99% of behavior, whereas in finance 99 laws can explain at best 3% of behavior.
MIT Sloan Prof. Andrew Lo says radical compensation reform would be no easy feat given the complexities of most financial institutions and the politics surrounding this effort. "It will take more than bonus caps if we ever hope to create a more stable and robust financial system that will be free from the tyranny of bubbles, crashes, and credit cycles," says Lo.