"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

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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

"The great thing about redirecting is that if you miss the mark and miss your goal, you can simply change course. When you are heading down a certain path, and feel like you may be heading the wrong way, stop, turn back, redirect, or ask for directions."

Susan C. Young, American Author

Direction, Inspirational, Power, Wisdom, Truth

"You can't look back - you just have to put the past behind you, and find something better in your future."

Jodi Picoult, American Novelist

Direction, Past, Future, Mindset, Change

"When we set up a goal for ourselves our body start to mobilize all its strength in one direction."

Sunday Adelaja, Nigerian Author

Direction, Goal, Mobilization, Strength

"You need to answer questions on where, when and what to do."

Sunday Adelaja, Nigerian Author

Direction, Questions, Answers, Purpose

"There's nothing worse than having everybody thinking alike, talking alike and having the same direction in mind. It gets stale that way."

Alex Van Halen, American Musician

Direction, Mind, Nothing, Talking

"You can't expect to go both ways when you're driving on a one-way street."

Benjamin Alire Saenz, American Poet

Direction, Choice, Limit, Logic

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

Sunday Adelaja, Nigerian Author

Direction, Calling, Focus, Purpose

"Painful as it may be, a significant emotional event can be the catalyst for choosing a direction that serves us - and those around us - more effectively. Look for the learning."

Louisa May Alcott, American Novelist

Direction, Learning, May

"And so, despite the complex web of paths, waterfalls, cliffs, as a hiker wanders downhill, drainages merge, faint, abstract paths coalesce, thicken, until there is one path " the one, natural, trodden way."

Aspen Matis, American Author

Direction, Journey, Clarity, Nature

"In practical terms the South Pointing Chariot was a simple direction finder. It could have been made to point in any direction - north, south, east or west."

Kit Williams, British Author

Direction,

Explore more quotes by John Hull

"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

"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."

Difference

"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

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

Trying

"I think VAR is a very healthy development within the industry."

Development

"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."

Extreme

"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

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

Giving

"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."

Time

"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