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Fischer Black Quotes

Economist

Fischer Black was an outstanding economist known for his contributions to option pricing theory. He was born on January 11, 1938, and passed away on August 30, 1995.

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All Conventional Seems Tests Accepted Bears Collateral Corporate Corporate Bond Default Efficient

Famous Fischer Black Quotes

“One of the things I like about doing science, the thing that is the most fun, is coming up with something that seems ridiculous when you first hear it but finally seems obvious when you're finished.”

Firsts Seems Fun Obvious Finished Ridiculous

Author:Fischer Black

“Markets look a lot less efficient from the banks of the Hudsonthan the banks of the Charles.”

Looks Efficient

Author:Fischer Black

“In the end, a theory is accepted not because it is confirmed by conventional empirical tests, but because researchers persuade one another that the theory is correct and relevant.”

Ends Theory Tests Accepted Relevant Conventional Researchers

Book:Business Cycles and Equilibrium

Source: Business Cycles and Equilibrium

“Thus a long term corporate bond could actually be sold to three separate persons. One would supply the money for the bond; one would bear the interest rate risk, and one would bear the risk of default. The last two would not have to put up any capital for the bond, though they might have to post some sort of collateral.”

Persons Long Two Might Lasts Three Term Interest Risk Bears Rate Posts Corporate Long Term Default Interest Rate Collateral Corporate Bond

Author:Fischer Black

“In the real world of research, conventional tests of [statistical] significance seem almost worthless.”

World Real Seems Research Tests Significance Real World Conventional Worthless

Author:Fischer Black

About the Author

Born: January 11, 1938
Died: August 30, 1995
Known for: Economist
Quotes: 5

Books & Sources

Business Cycles and EquilibriumRelated source material

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