Most people are overconfident about their own abilities. That is probably a good thing. But we would be horrified if a physician's aide engaged in heart surgery.

Books
Dynamics of the Hedge Fund Industry ISBN 0-943205-72-7
Hedge Funds: An Analytic Perspective 2008. He is the author of several academic articles in Finance and Financial economics. PubliAndrew Lod by Bloomberg Press.

in Economics from Harvard University (1984). He is a leading authority on hedge funds and financial engineering; he proposed the Adaptive market hypothesis. in Economics from Yale University (1980) and a Ph.