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 Copy Share Image
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… — Myron Scholes Copy Share Image
Most of the time, your risk management works. With a systemic event such as the recent shocks following the collapse of Lehman Brothers, obviously… — Myron Scholes Copy Share Image
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… — Myron Scholes Copy Share Image
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,… — Myron Scholes Copy Share Image
A futures contract is a derivative, but the futures exchange doesn't call them 'derivatives,' they call them 'futures.' — Myron Scholes Copy Share Image
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… — Myron Scholes Copy Share Image
All models have faults - that doesn't mean you can't use them as tools for making decisions. — Myron Scholes Copy Share Image
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… — Myron Scholes Copy Share Image
I was involved with Wells Fargo Bank as a consultant in the late 1960s and early 1970s, when I suggested to them that they… — Myron Scholes Copy Share Image
My first reaction on being awarded the Nobel Prize was, actually, I thought of Fischer Black, my colleague. He unfortunately had passed away. And… — Myron Scholes Copy Share Image
I think in our global economy, uncertainty is ever increasing. So to accommodate to that, we need to build a dynamic economy and dynamic… — Myron Scholes Copy Share Image
