- Mean
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- Nov 07, 2020
Myron Scholes Quotes
Most Famous Myron Scholes Quotes of All Time!
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- Last Updated on May 30, 2021
- Theorist
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- Nov 07, 2020
I'm a theorist, not an institutionalist.
- Coin
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- Nov 07, 2020
Every side of a coin has another side.
- People
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- Nov 07, 2020
If someone says to you, 'Go to an old-folks' home,' that's kind of ridiculous, because a lot of old people are doing terrific things for society.
- Measure
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- Nov 07, 2020
A bank needs models to measure risk. The problem, however, is that any one bank can measure its risk, but it also has to know what the risk taken by other banks in the system happens to be at any particular moment.
- Most
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- Nov 07, 2020
Most of the time, your risk management works. With a systemic event such as the recent shocks following the collapse of Lehman Brothers, obviously the risk-management system of any one bank appears, after the fact, to be incomplete. We ended up where banks couldn't liquidate their risk, and the system tended to freeze up.
- Poor
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- Nov 07, 2020
Keynesian modelling relies on marginal propensity to consume and marginal propensity to invest. The idea that if we give more money to the poor, they have a propensity to consume that's much higher than the wealthy, though I wish they would talk to my wife about that; she seems to have a propensity to consume.
- Contract
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- Nov 07, 2020
A futures contract is a derivative, but the futures exchange doesn't call them 'derivatives,' they call them 'futures.'
- Experience
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- Nov 07, 2020
The experience of the '90s, whether it's the '94 peso crisis or the '97 crisis in Asia, the '98 crisis, even the 2001 crisis, is that we recovered pretty readily. There wasn't great consequence.
- Everything
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- Nov 07, 2020
If we internationalize everything, we end up with rules that stifle freedom and innovation.
- Awarded
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- Nov 07, 2020
My first reaction on being awarded the Nobel Prize was, actually, I thought of Fischer Black, my colleague. He unfortunately had passed away. And there was no doubt in my mind that if he were still alive, he would have been a co-recipient of the Nobel Prize.
- Consultant
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- Nov 07, 2020
I was involved with Wells Fargo Bank as a consultant in the late 1960s and early 1970s, when I suggested to them that they develop a product that has become known as index funds.
- Death
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- Nov 07, 2020
Sometimes the early bird gets the worm, but sometimes the early bird gets frozen to death.
- Management
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- Nov 07, 2020
My career in academic research has not been involved with active management of securities. I've tried to understand risk-and-return relationships; also the pricing of derivative securities.
- Impossible
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- Nov 07, 2020
Innovation must lead infrastructure for a simple but compelling reason: Innovation produces new types of products and markets, and it is virtually impossible to know how to run those markets efficiently before they are created.
- Commute
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- Nov 07, 2020