Before Quote by Myron Scholes

“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

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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

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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

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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

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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

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

Myron Scholes

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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

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

Myron Scholes

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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

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I'm a theorist, not an institutionalist.

Myron Scholes

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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

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My first reaction on being awarded the Nobel Prize was, actually, I thought of Fischer Black, my colleague. He unfortunately had passed away. And…

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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

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For the Russian masses, the proletarians, knew for certain, and already saw during the war, and in part before their very eyes, that the…

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I've been told before, and I tend to believe it, I'm not like most actresses out there.

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But even before I was in the military, I was extremely jumpy when asleep.

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