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Myron Scholes Quotes


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Quotes by Myron Scholes

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Every side of a coin has another side.

~Myron Scholes

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A futures contract is a derivative, but the futures exchange doesn't call them 'derivatives,' they call them 'futures.'

~Myron Scholes

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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

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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.

~Myron Scholes

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All models have faults - that doesn't mean you can't use them as tools for making decisions.

~Myron Scholes

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I'm a theorist, not an institutionalist.

~Myron Scholes

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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.

~Myron Scholes

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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

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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.

~Myron Scholes

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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.

~Myron Scholes

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Biography

Nationality: Canadian

Type: Economist

Born: July 1st, 1941

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