Call Quote by Myron Scholes

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

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

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

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

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

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

— Myron Scholes

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

I'm a theorist, not an institutionalist.

— Myron Scholes

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

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

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

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

— Myron Scholes