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Myron Scholes Quotes

I’m a theorist, not an institutionalist Picture Quote #1

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 Picture Quote #1

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 Picture Quote #1

Building a road might create temporary jobs, but does it really create wealth if it doesn’t also shorten commute times or otherwise make society better off? Picture Quote #1

If someone says to you, Go to an old-folks home, thats kind of ridiculous, because a lot of old people are doing terrific things for society Picture Quote #1

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 Picture Quote #1

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Every side of a coin has another side Picture Quote #1

If we internationalize everything, we end up with rules that stifle freedom and innovation Picture Quote #1

Sometimes the early bird gets the worm, but sometimes the early bird gets frozen to death Picture Quote #1

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 Picture Quote #1

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 Picture Quote #1

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Text Quotes

I’m a theorist, not an institutionalist (Myron Scholes Quotes) 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 (Myron Scholes Quotes) 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. (Myron Scholes Quotes) Building a road might create temporary jobs, but does it really create wealth if it doesn’t also shorten commute times or otherwise make society better off? (Myron Scholes Quotes) If someone says to you, Go to an old-folks home, thats kind of ridiculous, because a lot of old people are doing terrific things for society. (Myron Scholes Quotes) 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. (Myron Scholes Quotes) Every side of a coin has another side (Myron Scholes Quotes) If we internationalize everything, we end up with rules that stifle freedom and innovation (Myron Scholes Quotes) Sometimes the early bird gets the worm, but sometimes the early bird gets frozen to death (Myron Scholes Quotes) 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 (Myron Scholes Quotes) 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 (Myron Scholes Quotes)