A Quote by John Hull
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.
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If we're concerned about volatility of earnings because we want some more stability in our lives, then let's create, instead of an unemployment insurance system, an earnings insurance system that will moderate the volatility for a certain period of time until we get back on our feet.
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.
Because of that [Brexit], you're going to have slow growth and, unfortunately, while there may not be huge volatility, there will be volatility.
Everyone makes a difference. Someone who does something for others makes a big difference. A person who has no self-interest to do things for others makes a bigger difference. But, one who does everything for everyone for the sake of humanity without vested interest makes a real big difference for sustainability.
Our folks have a lot of passion. They're very concerned about the direction of the country and concerned the record debt and deficit and what it means for their kids, concerned about the economy and the fact that we're not getting back on track with the weakest economic recovery since the Great Depression. And at the end of the day, I think that's going to make the difference.
We are terribly imaginative, as far as technique in science is concerned. As far as changes in social arrangements are concerned, we lack utterly in imagination.
It does not matter whether we burn fossil fuels with malice or with love. As far as the atmosphere is concerned, it is not concerned. It is a collection of gases.
As far as I'm concerned, the only difference between fact and what most people call fiction is about fifteen pages in the dictionary.
The fact of the matter is this: Austin can take his ball, and go home. But as far as The Rock is concerned, as far as I'm concerned, this is home.
As far as wages are concerned, the only difference between immigration and birth is that birth takes longer.
What the artist wishes to do — as far as you are concerned — is to take you out of yourself. As far as he is concerned, he wishes to express himself.
It makes a big difference to recycle. It makes a big difference to use recycled products. It makes a big difference to reuse things, to not use the paper cup - and each time you do, thats a victory.
It makes a big difference to recycle. It makes a big difference to use recycled products. It makes a big difference to reuse things, to not use the paper cup - and each time you do, that's a victory.
I also think we have got other great choices to make. The conclusion has not been made. There's no announcement that's coming today, as far as Secretary of State is concerned.
I catch as much hell from the hard-core conservative people as I do the far left. The only difference is that the far right don't bring the hate to the table that the far left does. And that's my party. They just deal in so much hate. I mean the far left, not the Democrats, the far left really deal in hate, hate, hate, hate, hate.
There is little difference in people, but that little difference makes a big difference. The little difference is attitude. The big difference is whether it is positive or negative.
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