top of page
Exlpore more Giving quotes

"There were some situations where I was giving up everything I had for the band and I just expected everybody else to feel the same way. I realized I was just kidding myself."

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

"I will not find myself, nor will I obtain any precarious morsel of life in giving all of life to myself. If I am ever to find these things, I must first be willing to give these things away at the very moment that I come into possession of them."

"Give everything away. Create an emptiness to fill again and again with love."
Explore more quotes by John Hull

"Our tree is actually a tree of the short-term interest rate. The average direction in which the short-term interest rate moves depends on the level of the rate. When the rate is very high, that direction is downward; when the rate is very low, it is upward."

"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."

"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."

"Alan White and I spent the next two or three years working together on this. We developed what is known a stochastic volatility model. This is a model where the volatility as well as the underlying asset price moves around in an unpredictable way."

"If each of your time steps is one week long, you are not modeling the stock price terribly well over a one-week time period, because you are saying that there are only two possible outcomes."

"There are challenges in terms of the measurement of VAR for what are known as nonlinear derivatives, where things like gamma and vega are important dimensions of the risk."

"Briefly speaking, our conclusion is that stochastic volatility does not make a huge difference as far as the pricing is concerned if you get the average volatility right. It makes a big difference as far as hedging is concerned."

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