"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"
- John C. Hull
About this Quote
John C. Hull's quote talks to the importance of the HoLee design as the very first term structure model. He keeps in mind checking out the paper soon after it was released and discovered it to be rather different from other papers he had checked out. He had to read it several times to comprehend it, and ultimately realized that it was a truly important paper. This quote highlights the significance of the HoLee design in the field of finance and its effect on the market. It also speaks to the significance of taking the time to check out and comprehend complicated papers in order to acquire a better understanding of the subject matter. The quote also functions as a tip of the significance of staying up to date with the most recent research and developments in the field.
This quote is written / told by John C. Hull somewhere between October 31, 1939 and today. He was a famous Professor from USA.
The author also have 18 other quotes.
"Tomorrow is the most important thing in life. Comes into us at midnight very clean. It's perfect when it arrives and it puts itself in our hands. It hopes we've learned something from yesterday"
"Disciplining yourself to do what you know is right and important, although difficult, is the highroad to pride, self-esteem, and personal satisfaction"
"In thinking about nanotechnology today, what's most important is understanding where it leads, what nanotechnology will look like after we reach the assembler breakthrough"
