Myron Scholes famous quotes

03-30-2025

Every side of a coin has another side.
-- Myron Scholes

#Coins #Sides
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 #Return
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 #1960s #Wells
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
All models have faults - that doesnt mean you cant use them as tools for making decisions.
-- Myron Scholes

#Mean #Decision #Use
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
I'm a theorist, not an institutionalist.
-- 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

#Running #Simple #Innovation
Sometimes the early bird gets the worm, but sometimes the early bird gets frozen to death.
-- Myron Scholes

#Bird #Frozen #Sometimes
If we internationalize everything, we end up with rules that stifle freedom and innovation.
-- Myron Scholes

#Innovation #Ends

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