Black Scholes Quotes

#1. Looking into it a bit, Jamie found that the model used by Wall Street to price LEAPs, the Black-Scholes option pricing model, made some strange assumptions.

Michael Lewis

#2. The longer-term the option, the sillier the results generated by the Black-Scholes option pricing model, and the greater the opportunity for people who didn't use it.

Michael Lewis

#3. My principal contribution to the Black-Scholes option-pricing theory was to show that the dynamic trading strategy prescribed by Black and Scholes to offset the risk exposure of an option would provide a perfect hedge in the limit of continuous trading.

Robert C. Merton

#4. Black-Scholes works for short-term options, but if it's a long-term option and you think you know something [about the underlying asset], it's insane to use Black-Scholes.

Charlie Munger

#5. The prime necessities for success in life are money, athleticism, tailor made clothes and a charming smile.

George Orwell

#6. Just as women are afraid of receiving, men are afraid of giving.

John Gray

#7. My first reaction on being awarded the Nobel Prize was, actually, I thought of Fischer Black, my colleague. He unfortunately had passed away. And there was no doubt in my mind that if he were still alive, he would have been a co-recipient of the Nobel Prize.

Myron Scholes

#8. Any intelligent person knows that life is a beautiful thing and that the purpose of life is to be happy," said my father as he watched the three beauties. "But it seems only idiots are ever happy. How can we explain this?

Orhan Pamuk

#9. Silence is golden but too long a silence an imitation junk

Amit Abraham

#10. Today is today and tomorrow may come late this year.

Natalie Savage Carlson