Lo closes out the conference by thanking all the participants. He also recalls the toll of the crisis and stresses that far from a celebration, this meeting is meant as an opportunity for soul-searching, to better understand the crisis, and to make sure it either does not occur again or that we are prepared when it does.
A session from the 2008 Financial Crisis: A Ten-Year Review conference held on 8-9 November 2018 in New York.
About the Speaker(s)
Andrew W. Lo is Charles E. and Susan T. Harris Professor of Finance at the MIT Sloan School of Management and the director of MIT’s Laboratory for Financial Engineering. He focuses his research on the fundamental aspects of investments and financial markets, including the measurement of illiquidity risk in hedge fund returns, the growth of systemic risk in the hedge fund industry, and most recently, evolutionary and neurobiological models of individual risk preferences and financial markets. Before joining MIT’s finance faculty, Mr. Lo taught at the University of Pennsylvania’s Wharton School. He has published numerous articles and books on finance and economics. Mr. Lo received his PhD in economics from Harvard University.