Assumption Quote by Michael Lewis

The longer-term the option, the sillier the results generated by the Black-Scholes option pricing model, and the greater the opportunity for people who didn't…

— Michael Lewis

The model used by Wall Street to price trillions of dollar's worth of derivatives thought of the financial world as an orderly, continuous process.…

— Michael Lewis

I found the stock market very intriguing because prices used to fluctuate, I used to wonder why the price fluctuates.

— Rakesh Jhunjhunwala

In the interest rate area, traders have for a long time used a version of what is known as Black's model for European bond…

— John Hull

There is nothing new in Wall Street. There can't be because speculation is as old as the hills. Whatever happens in the stock market…

— Jesse Lauriston Livermore

In a sense, the market, by expecting a fall in prices, discounts that fall and makes it happen right away instead of later. Expectations…

— Murray Rothbard

“THE BLACK BOX MODEL WHY”

— Mikael Krogerus

People forget that although we can pinpoint the price, we can only guess at future earnings. The past isn't much help: It simply tells…

— Barry Ritholtz

If you like what Wall Street did for the housing market, you'll love what Wall Street is doing for commodities. Goldman's ability to influence…

— Carl Levin

For some reason, people take their cues from price action rather than from values. What doesn't work is when you start doing things that…

— Warren Buffett

“Price mostly meanders around recent price until a big shift in opinion occurs, causing price to jump up or down. This is crudely modeled…

— Nick Gogerty

Wall Street, in the main, hates uncertainty, which manifests itself in depressed share prices of companies whose prospects lack 'visibility.' But where the market…

— Whitney Tilson