"A bank needs models to measure risk. The……" — Myron Scholes
"A bank needs models to measure risk. The problem, however, is that any one bank can measure its risk, but it also has to know what the risk taken by other banks in the system happens to be at any particular moment."
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Myron Scholes
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10 Quotes by Myron Scholes
Myron Scholes has 10 quotes on this site.
A few more worth reading:
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Every side of a coin has another side.
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If we internationalize everything, we end up with rules that stifle freedom and innovation.
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From an early age I was very, very fascinated by uncertainty.
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My first reaction on being awarded the Nobel Prize was, actually, I thought of Fischer Black, my colleague. He unfortunately…
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I was involved with Wells Fargo Bank as a consultant in the late 1960s and early 1970s, when I suggested…
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Sometimes the early bird gets the worm, but sometimes the early bird gets frozen to death.
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Innovation must lead infrastructure for a simple but compelling reason: Innovation produces new types of products and markets, and it…
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Tax incentives might spur hiring in the short run, but how lasting are those gains if the jobs expire with…
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I think in our global economy, uncertainty is ever increasing. So to accommodate to that, we need to build a…
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