top of page
.png){kind=small}
Exlpore more Trying quotes
"Seriously, these days I tend to shut up in terms of external analysis and DO try to let things speak for themselves, while still trying to get some depth into them."
"I feel more confident about what we're doing as a band and what we're trying to do as a band and the way we're looking at it as a band."
"I think it's very important that whatever you're trying to make or sell, or teach has to be basically good. A bad product and you know what? You won't be here in ten years."
"You have that one basic string, but it can vibrate in many ways. But we're trying to get a lot of particles because experimental physicists have discovered a lot of particles."
"I don't think I could live with myself if I stopped trying."
"But you know, the system almost destroyed itself while it was goin' on trying to destroy us."
Explore more quotes by John Hull
"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 started giving presentations at practitioner conferences in 1986, and since then all of our derivatives research has been stimulated by contact with practitioners."
"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."
"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."
"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."
"Our research led on to other things, such as the fact that exchange rates are not lognormally distributed."
"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 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."
"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."
"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."
bottom of page