Myron Scholes Quotes

• Every side of a coin has another side.

  Myron Scholes

  Coins, Sides, Scholes

  "Crash Course". Interview with Deborah Solomon, www.nytimes.com. May 14, 2009.

  23 Copy quote

• All models have faults - that doesnt mean you cant use them as tools for making decisions.

  Myron Scholes

  Mean, Decision, Tools

  15 Copy quote

• Sometimes the early bird gets the worm, but sometimes the early bird gets frozen to death.

  Myron Scholes

  Bird, Frozen, Sometimes

  16 Copy quote

• 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

  Running, Simple, Compelling Reason

  14 Copy quote

• If we internationalize everything, we end up with rules that stifle freedom and innovation.

  Myron Scholes

  Innovation, Ends, Scholes

  15 Copy quote

• 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 for society.

  Myron Scholes

  Home, People, Ridiculous

  11 Copy quote

• 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.

  Myron Scholes

  Taken, Risk, Needs

  "Crash Course". Interview with Deborah Solomon, www.nytimes.com. May 14, 2009.

  8 Copy quote

• I'm a theorist, not an institutionalist.

  Myron Scholes

  Theorists

  7 Copy quote

• 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 derivative securities.

  Myron Scholes

  Careers, Risk, Active Management

  7 Copy quote

• I was involved with Wells Fargo Bank as a consultant in the late 1960s and early 1970s, when I suggested to them that they develop a product that has become known as index funds.

  Myron Scholes

  Fargo, Late, 1960s

  6 Copy quote

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