I was involved with Wells Fargo Bank as a consultant in the late 1960s and early 1970s, when I suggested to them that they develop a product that has become known as index funds.
Myron ScholesIf someone says to you, Go to an old-folks home, thats kind of ridiculous, because a lot of old people are doing terrific things for society.
Myron ScholesMy career in academic research has not been involved with active management of securities. I've tried to understand risk-and-return relationships; also the pricing of derivative securities.
Myron ScholesAll models have faults - that doesnt mean you cant use them as tools for making decisions.
Myron Scholes