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Exlpore more Giving quotes

"Give with love, give with smile, give freely, it is our duty and responsibility to humanity."

"Giving opens the door to abundance."

"When you give without expectation, you will always have more to give away."
Explore more quotes by John Hull

"We concluded that you cannot rely on delta hedging alone. It sounds simplistic to say that now, but back then, this was the sort of thing people were only just beginning to realize."

"We started giving presentations at practitioner conferences in 1986, and since then all of our derivatives research has been stimulated by contact with practitioners."

"The HoLee model was the first term structure model. I remember reading their paper soon after it was published and as it was fairly different from many of the other papers that I had read, I had to read it quite a few times. I realized that it was a really important paper."

"Yes, our tree has an interesting shape. The center branches reflect the shape of the zero curve. When extreme parts of the tree are reached the branching pattern changes to accommodate the mean reversion."

"The problem with interest rates are that you are not modeling a single number, you are modeling a whole term structure, so it is a sort of different type of problem."

"In the interest rate area, traders have for a long time used a version of what is known as Black's model for European bond options; another version of the same model for caps and floors; and yet another version of the same model for European swap options."

"Our research led on to other things, such as the fact that exchange rates are not lognormally distributed."

"Our starting point then was trying to find a way to incorporate mean reversion into the HoLee model."
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