Dr. Lo discusses why it is now a different world, a volatile world in the stock markets, and investors better get used to it. Regulators do not have the resources or expertise to even remotely keep up with the advances in high frequency trading, leaving the individual investor at a distinct disadvantage.
In this article, the question posed is "are hedge funds good for you?". MIT Sloan professor, Andrew Lo says: "Hedge funds are the tip of the spear when it comes to new investment opportunities. They are also the canary in the coal mine when things start to break down."
Andrew Lo joins host, Neil DeGrasse Tyson, to discuss personal finance and the science of money management, guiding listeners on a non-random walk down Wall Street and revealing the neurobiology behind financial transactions. TV host Suze Orman also gives her two cents about investing, the economic meltdown, and the impact of science on the financial world.
The Globe 100 celebrates companies that do the most in the means of innovation and helping the state's economy. A panel of judges determined 30 people, across ten categories, to be the most innovative for the state's economy. Andrew Lo was named second runner up in the Banking, Finance, and Insurance category.