Professor Quotes: Wisdom & Insights from the Academic World (Page 3)

"I didn't become interested in derivatives until 1982, 1983"

"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"

John C. Hull, Professor

"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"

John C. Hull, Professor

"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"

John C. Hull, Professor

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

John C. Hull, Professor

"In spite of everything, I still believe that people are truly good at heart"

Kurt Huber, Professor

"What I intended to accomplish was to rouse the student body, not by means of an organization, but solely by my simple words; to urge them, not to violence, but to moral insight into the existing serious deficiencies of our political system"

Kurt Huber, Professor

"A state that suppresses all freedom of speech, and which by imposing the most terrible punishments, treats each and every attempt at criticism, however morally justified, and every suggestion for improvement as plotting to high treason, is a state that breaks an unwritten law"

Kurt Huber, Professor

"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"

John C. Hull, Professor

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

John C. Hull, Professor

"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"

John C. Hull, Professor

"You have stripped from me the rank and privileges of the professorship and the doctoral degree which I earned, and you have set me at the level of the lowest criminal"

Kurt Huber, Professor

"There is a point at which the law becomes immoral and unethical. That point is reached when it becomes a cloak for the cowardice that dares not stand up against blatant violations of justice"

Kurt Huber, Professor

"I hope to God that the inner strength that will vindicate my deeds will in good time spring forth from my own people. I have done as I had to on the prompting of my inner voice"

Kurt Huber, Professor

"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"

John C. Hull, Professor

"The future of that ancient chamber remains in considerable doubt"

Robert A. Dahl, Professor

"Most of us readily take things for granted that at an earlier time remained to be discovered"

Robert A. Dahl, Professor

"There is a huge difference between journalism and advertising. Journalism aspires to truth. Advertising is regulated for truth. I'll put the accuracy of the average ad in this country up against the average news story any time"

Jef I. Richards, Professor

"There's so much truly putrid advertising out there it's embarrassing. But not all advertising is bad. Some of it is really quite mediocre"

Jef I. Richards, Professor

"It would have been more comfortable to remain silent"

Anita Hill, Professor

"If you think about the way the hearings were structured, the hearings were really about Thomas' race and my gender"

Anita Hill, Professor

"I'm not sure I can say there is a clean line between me as an individual and me as a lawyer"

Anita Hill, Professor

"I thought that by saying no and explaining my reasons my employer would abandon his social suggestions. However, to my regret, in the following few weeks, he continued to ask me out on several occasions"

Anita Hill, Professor

"Certainly my life will not ever be as private and discreet, and perhaps I should even use the word insulated, as it was before"

Anita Hill, Professor

"In July of 1983, I left Washington, DC area and have had minimal contact with Judge Clarence Thomas since"

Anita Hill, Professor

"I was aware, however, that telling at any point in my career could adversely affect my future career"

Anita Hill, Professor

"I am really proud to be a part in whatever way of women becoming active in the political scene. I think it was the first time that people came to terms with the reality of what it meant to have a Senate made up of 98 men and two women"

Anita Hill, Professor

"Require... electoral votes to be allocated in proportion to the popular votes"

Robert A. Dahl, Professor

"The real problem is that the way that power is given out in our society pits us against each other"

Anita Hill, Professor

"As in Athens, the right to participate was restricted to men, just as it was also in all later democracies and republics until the twentieth century"

Robert A. Dahl, Professor

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Famous quotes by Professors