Daily Inspiration Quote by John C. Hull

Calling VAR a "very healthy development" is the kind of careful, technocratic endorsement you expect from John C. Hull: not a cheer, not a provocation, but a risk-managed thumbs-up. Hull is famous for translating volatility and uncertainty into frameworks people can actually use. So when he borrows the language of wellness, he is really making a claim about control: the system is improving because it reduces noise, errors, and unpriced downside.

The phrasing matters. "I think" signals a calibrated stance, closer to a modeler's assumption than a fan's conviction. "Very healthy" is conspicuously non-specific, the way an academic praises a methodology without promising it will cure the disease. It frames VAR not as a radical shift but as an incremental upgrade in institutional hygiene: better measurement, better governance, fewer surprises that become scandals.

Then there's the slippery noun: "the industry". Hull doesn't say "football", where VAR is a replay system that re-litigates goals. He says "the industry", which sounds like finance, risk management, or the broader machinery around decision-making. In that context, VAR (Value at Risk) is less about justice than about standardization: a common language for exposure that lets regulators, boards, and traders talk to each other. The subtext is a defense of quantification itself. Yes, VAR can be gamed, yes it can underweight tail risk, but it professionalizes the conversation. Calling it "healthy" is Hull's way of asserting that imperfect measurement beats intuitive bravado - and that modern markets, like modern institutions, survive by auditing their own confidence.