10 Myron Scholes Quotes for You to Enjoy

Myron Scholes

Canadian Economist

Born: Jul 1, 1941

Bank Early Innovation Society Uncertainty You

Related authors: Adam Smith Alan Greenspan E. F. Schumacher John Kenneth Galbraith John Maynard Keynes Milton Friedman Paul A. Volcker Thomas Sowell

Every side of a coin has another side. Myron Scholes

Every Side Another Coin

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

Futures Exchange Call Contract Them Derivative Derivatives

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

Time Management Incomplete Collapse System Systemic Brothers Following Risk Risk Management Fact Freeze Most Obviously Up Shocks Ended Any Bank Where Banks After Your Works Appears Event Recent

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

Needs Problem Other System Risk Taken Particular Know Also However Models Any Bank Banks Happens Measure Moment

If we internationalize everything, we end up with rules that stifle freedom and innovation. Myron Scholes

Freedom Innovation Everything Rules Stifle End Up

From an early age I was very, very fascinated by uncertainty. Myron Scholes

Age Uncertainty Very Fascinated Early Early Age

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

Mind Thought Black First Doubt Alive Colleague Would No Doubt Had He Nobel Nobel Prize Reaction Passed Still Fischer Were Been Prize Being Unfortunately Awarded Away Actually

My view is that one should diversify broadly across different fund investments. However, it's tough for investors to try to pick the appropriate risk level that they should manage their funds at. Having a personal adviser would be helpful. Myron Scholes

Try Tough Appropriate Would Would-Be Risk Diversify Having Pick Investments Investors Adviser However Manage Personal Different Should Across View Helpful Fund Level Funds

Tax incentives might spur hiring in the short run, but how lasting are those gains if the jobs expire with the tax credits and they come at the expense of investing in the new technologies of the future? Myron Scholes

I think in our global economy, uncertainty is ever increasing. So to accommodate to that, we need to build a dynamic economy and dynamic rules that can adapt to changing circumstances. Myron Scholes

Build Think Increasing Changing Our Rules Circumstances Uncertainty Economy Global Global Economy Accommodate Dynamic Ever Adapt Need

Myron Scholes Quotes

No more Myron Scholes quotes