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Fischer Black Quotes

One of the things I like about doing science, the thing that is the most fun, is coming up with something that seems ridiculous when you first hear it but finally seems obvious when you’re finished Picture Quote #1

In the end, a theory is accepted not because it is confirmed by conventional empirical tests, but because researchers persuade one another that the theory is correct and relevant Picture Quote #1

Thus a long term corporate bond could actually be sold to three separate persons. One would supply the money for the bond; one would bear the interest rate risk, and one would bear the risk of default. The last two would not have to put up any capital for the bond, though they might have to post some sort of collateral Picture Quote #1

Friendship Quotes

Motivational Quotes

Inspirational Quotes

Text Quotes

One of the things I like about doing science, the thing that is the most fun, is coming up with something that seems ridiculous when you first hear it but finally seems obvious when you’re finished. (Fischer Black Quotes) In the end, a theory is accepted not because it is confirmed by conventional empirical tests, but because researchers persuade one another that the theory is correct and relevant (Fischer Black Quotes) Thus a long term corporate bond could actually be sold to three separate persons. One would supply the money for the bond; one would bear the interest rate risk, and one would bear the risk of default. The last two would not have to put up any capital for the bond, though they might have to post some sort of collateral (Fischer Black Quotes)