"When interest rates are high you want the average direction in which interest rates are moving to be downward; when interest rates are low you want the average direction to be upward."

Direction, Interest, Want

17

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"When interest rates are high you want the average direction in which interest rates are moving to be downward; when interest rates are low you want the average direction to be upward."

Exlpore more Direction quotes

"Affirm your life's destiny & purpose to ensure - both are graciously fulfilled."

Eleesha, British Author

Direction, Destiny, Purpose, Affirmation, Life

"Whatever I 'align'' myself with are the very things that will create a 'line' into my future."

Craig D. Lounsbrough, American Author

Direction, Alignment, Truth, Future, Power

"We must be focused on the goal that God has revealed to us."

Sunday Adelaja, Nigerian Author

Direction, Focus, GoalSetting, Vision, Faith

"Don't go in the opposite direction, locate your calling."

Sunday Adelaja, Nigerian Author

Direction, Calling, Focus, Purpose

"To find solace in the wrong area as it seems to be at first is to seek God for direction."

Sunday Adelaja, Nigerian Author

Direction, Solace, God, Seeking

"If you find you are traveling on wrong road, turn to the right direction."

Lailah Gifty Akita, Ghanaian Author

Direction, Wrong, Path, Right

"If the goal is unknown, then abuse is inevitable."

Sunday Adelaja, Nigerian Author

Direction, Goal, Unknown, Abuse

"In order to answer the question "Where am I going?" you must possess decisiveness."

Sunday Adelaja, Nigerian Author

Direction, Decisiveness, Purpose, Vision

"No matter how far down a path you go, if it's the wrong path, turn around and go back home - before it is too late."

Ziad K. Abdelnour, Lebanese Author

Direction, Path, Wrong, Home, Choice

"Aimless life leads to depression."

Sunday Adelaja, Nigerian Author

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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."

People

"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."

Interest

"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."

Years

"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."

Direction

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

Fact

"I guess any simple idea that is really good will catch on quickly."

Idea

"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."

First

"One important measurement issue concerns the fat tails problem that I mentioned earlier. VAR is concerned with extreme outcomes. If the tails of the probability distributions we are using are too thin, our VAR measures are likely to be too low."

Extreme

"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."

Challenge

"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."

Time