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Myron Scholes Quotes: All models have faults - that doesnt mean you cant use them as tools for making decisions.
         

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


Myron Scholes
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"Myron Scholes Quotes." Quoteslyfe.com, 2024. Sun. 28 Apr. 2024. <https://www.quoteslyfe.com/quote/All-models-have-faults-that-doesnt-mean-908721>.





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Other quotes of Myron Scholes


Every side of a coin has another side.

Every side of a coin has another side.



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

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



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

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



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.

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.



I'm a theorist, not an institutionalist.

I'm a theorist, not an institutionalist.



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.

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.



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.

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.





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to want any woman so badly was unwise, let alone his enemy's daughter." An Artful Seduction

to want any woman so badly was unwise, let alone his enemy's daughter." An Artful Seduction




True friendship is a plant of slow growth and must undergo and withstand the shocks of adversity before it is entitled to the appellation.

True friendship is a plant of slow growth and must undergo and withstand the shocks of adversity before it is entitled to the appellation.



Celebration is life's frosting: isn't frosting the very best part of the cake?

Celebration is life's frosting: isn't frosting the very best part of the cake?



I was rapping as a hobby. It was something I did for my friends and just played around on ideas and stuff like that.

I was rapping as a hobby. It was something I did for my friends and just played around on ideas and stuff like that.



With Cold Sassy Tree having its first production, I saw no necessity to do anything other than produce it with the correct setting.

With Cold Sassy Tree having its first production, I saw no necessity to do anything other than produce it with the correct setting.



Anger is a violent emotion, vindictive, and as dangerous to he who is driven by it as to anyone on whom it is turned.

Anger is a violent emotion, vindictive, and as dangerous to he who is driven by it as to anyone on whom it is turned.



If you want to be led by the Spirit of God, then devote yourself to the Word of God.

If you want to be led by the Spirit of God, then devote yourself to the Word of God.



As soon as I get home, all I want to eat is seafood.

As soon as I get home, all I want to eat is seafood.



It is in the middle that human choices are made; the beginning and the end remain with God. The decrees of God are birth and death, and in between those limits man makes his own distress or joy.

It is in the middle that human choices are made; the beginning and the end remain with God. The decrees of God are birth and death, and in between those limits man makes his own distress or joy.




Quote Description


This page presents the quote "All models have faults - that doesnt mean you cant use them as tools for making decisions.". Author of this quote is Myron Scholes. This quote is about cant, decision, models, use, faults, making decisions, mean, tools,.