“Innovation must lead infrastructure for a simple but compelling reason: Innovation produces new types of products and markets, and it is virtually impossible to know how to run those markets efficiently before they are created.” KnowsReasonRunningSimpleKnow HowImpossibleProduceProductsTypeInnovationCompellingInfrastructureScholesCompelling Reason Author:Myron Scholes
“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.” WellsKnownProductsInvolvedLateFund1960sConsultantsScholesIndex FundsFargoWells Fargo Author:Myron Scholes
