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… — Fischer Black Copy Share Image
In the real world of research, conventional tests of [statistical] significance seem almost worthless. — Fischer Black Copy Share Image
Markets look a lot less efficient from the banks of the Hudsonthan the banks of the Charles. — Fischer Black Copy Share Image
One of the things I like about doing science, the thing that is the most fun, is coming up with something that seems ridiculous… — Fischer Black Copy Share Image
In the end, a theory is accepted not because it is confirmed by conventional empirical tests, but because researchers persuade one another that the… — Fischer Black Copy Share Image
Thus a long term corporate bond could actually be sold to three separate persons. One would supply the money for the bond; one would… — Fischer Black Copy Share Image
![“In the real world of research, conventional tests of [statistical] significance seem almost worthless.” quote by Fischer Black](https://sms4smile.com/quotes/img-quotes/3a4/fischer-black-60662_conventional_in-the-real-world-of-research-convention_163947.jpg)
