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Exlpore more Interest quotes
"I'd always had an interest in physiotherapy and psychology."
"Warfare is an utterly stupid method of settling differences of interest between different nations."
"You would hardly believe how difficult it is to place a figure alone on a canvas, and to concentrate all the interest on this single and universal figure and still keep it living and real."
"I just started watching KingDom Hospital series by Stephen King - Pretty Interesting Film. I just continue watching the series 11.22.63 incrediable film. It's wonderful that you can go in the past, who doesn't want to do this?"
"I'm curious about everything. Even subjects that don't interest me."
"I enjoy listening to classical music and heavy metal. I play basketball and try to go diving at least once a year. I don't really have hobbies in the traditional sense... I engage in too many activities already through the actions of my characters."
Explore more quotes by John Hull
"The real challenge was to model all the interest rates simultaneously, so you could value something that depended not only on the three-month interest rate, but on other interest rates as well."
"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."
"We started giving presentations at practitioner conferences in 1986, and since then all of our derivatives research has been stimulated by contact with practitioners."
"Our starting point then was trying to find a way to incorporate mean reversion into the HoLee model."
"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."
"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."
"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."
"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."
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