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Quote by Robert F. Engle

“Risk managers and investment bankers and actually, all kinds of investors took on more risk than they expected. So there was a failure of risk management. There was a failure to recognize how much risk there was in some of these securities that people bought.”

Quote by Robert F. Engle

Author

Robert F. Engle

Robert F. Engle is a renowned economist known for his contributions to time series analysis and financial economics. In the 1970s, he proposed the Autoregressive Conditional Heteroskedasticity (ARCH) model, which had a profound impact on the study of financial market volatility. more

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“If you have information that a company is not as good as its stock market valuation, you don't have a way to sell that stock unless you already own it. And so that information doesn't get incorporated in the company's stock price as fast if you don't allow short selling.”

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