My first reaction on being awarded the Nobel Prize was, actually, I thought of Fischer Black, my colleague. He unfortunately had passed away. And there was no doubt in my mind that if he were still alive, he would have been a co-recipient of the Nobel Prize. Myron Scholes aliveawardblack share on social
I'm a theorist, not an institutionalist. Myron Scholes institutionalisttheorist Change image and share on social
The experience of the '90s, whether it's the '94 peso crisis or the '97 crisis in Asia, the '98 crisis, even the 2001 crisis, is that we recovered pretty readily. There wasn't great consequence. Myron Scholes 90sasiaconsequence Change image and share on social
Sometimes the early bird gets the worm, but sometimes the early bird gets frozen to death. Myron Scholes birddeathearly Change image and share on social
A futures contract is a derivative, but the futures exchange doesn't call them 'derivatives,' they call them 'futures.' Myron Scholes callcontractderivative Change image and share on social
My view is that one should diversify broadly across different fund investments. However, it's tough for investors to try to pick the appropriate risk level that they should manage their funds at. Having a personal adviser would be helpful. Myron Scholes adviserbroadlydiversify share on social
If someone says to you, 'Go to an old-folks' home,' that's kind of ridiculous, because a lot of old people are doing terrific things for society. Myron Scholes folkhomekind Change image and share on social
All models have faults - that doesn't mean you can't use them as tools for making decisions. Myron Scholes decisionfaultmake Change image and share on social
I think in our global economy, uncertainty is ever increasing. So to accommodate to that, we need to build a dynamic economy and dynamic rules that can adapt to changing circumstances. Myron Scholes accommodateadaptbuild Change image and share on social
