Derivatives Quotes

1. "The Fed should make a clear commitment to stable money to reduce the swings in interest rates and inflation. Instead, it champions and flaunts unstable money. This encourages momentum trading and the growth of derivatives. Meanwhile, layers of financial regulation make Washington bigger and more powerful but don't fix the underlying problems."
Author: David Malpass

2. "Overwinding happens when hedge funds destroy companies by attempting to leverage derivatives against otherwise productive long-term assets."
Author: Douglas Rushkoff

3. "Derivatives in and of themselves are not evil. There's nothing evil about how they're traded, how they're accounted for, and how they're financed, like any other financial instrument, if done properly."
Author: James Chanos

4. "The marginal people on the trading desks, there's no skill set. If they don't trade derivatives, I don't know what they can do. The next stop is driving a cab."
Author: James Chanos

5. "They've been fairly positive, as firm as they could be in regards to the derivatives operations in Montreal. We didn't sense that there was a hesitation about it. But things change."
Author: Jean Charest

6. "There are challenges in terms of the measurement of VAR for what are known as nonlinear derivatives, where things like gamma and vega are important dimensions of the risk."
Author: John Hull

7. "We started giving presentations at practitioner conferences in 1986, and since then all of our derivatives research has been stimulated by contact with practitioners."
Author: John Hull

8. "I didn't become interested in derivatives until 1982, 1983."
Author: John Hull

9. "Derivatives are a huge, complex issue."
Author: Judd Gregg

10. "Still, one could argue—and many did—that Greenspan, at least, had no business being quite so shocked. Over the years, countless people had challenged his deregulatory dogma, including (to name just a few) Joseph Stiglitz and Paul Krugman, both Nobel Prize–winning economists, and Brooksley Born, who was head of the Commodity Futures Trading Commission from 1996 to 1999. Born eventually became something of a Cassandra figure for the crisis, since she repeatedly called for regulating the market for derivatives, those ultracomplex financial products that eventually helped bring down the economy. Those calls were silenced when Greenspan, along with then-Treasury Secretary Robert Rubin and then-Securities and Exchange Commission Chair Arthur Levitt, took the extraordinary step of convincing Congress to pass legislation forbidding Born's agency from taking any action for the duration of her term."
Author: Kathryn Schulz

11. "He wished someone in the course of history had thought of striking that word and all its derivatives from the English Language - happy, happier, happiest, happiness. What the devil did the words really mean anyway? Why not just the word pleasure, which was far more... well, pleasant."
Author: Mary Balogh

12. "A futures contract is a derivative, but the futures exchange doesn't call them 'derivatives,' they call them 'futures.'"
Author: Myron Scholes

13. "Over and over again, financial experts and wonkish talking heads endeavor to explain these mysterious, 'toxic' financial instruments to us lay folk. Over and over, they ignobly fail, because we all know that no one understands credit default obligations and derivatives, except perhaps Mr. Buffett and the computers who created them."
Author: Richard Dooling

14. "Considering the fact that the Harappan script may have been proto-Brahmi, the underlying language to be expected should be Sanskrit, or proto-Sanskrit, or derivatives of Sanskrit. Many of the rules of evolution that apply to scripts are equivalently true for languages too. Like scripts, languages too render themselves to similar evolutionary inspections, as they too carry imprints of their journey down the ages."
Author: Subhajit Ganguly

15. "All arguments between the traditional scientific view of man as organism, a locus of needs and drives, and a Christian view of man as a spiritual being not only unresolvable at the present level of discourse but are also profoundly boring...From the scientific view at least, a new model of man is needed, something other than man conceived as a locus of bio-psycho-sociological needs and drives.Such an anthropological model might be provided by semiotics, that is, the study of man as the sign-using creature and, specifically, the study of the self and consciousness as derivatives of the sign-function."
Author: Walker Percy

16. "Comics deal with two fundamental communicating devices: words and images. Admittedly this is an arbitrary separation. But, since in the modern world of communication they are treated as independent disciplines, it seems valid. Actually, the are derivatives of a single origin and in the skillful employment of words and images lies the expressive potential of the medium."
Author: Will Eisner

17. "... toxic derivatives were underpinned by toxic economics, which, in turn, were no more than motivated delusions in search of theoretical justification; fundamentalist tracts that acknowledged facts only when they could be accommodated to the demands of the lucrative faith. Despite their highly impressive labels and technical appearance, economic models were merely mathematized versions of the touching superstition that markets know best, both at times of tranquility and in periods of tumult."
Author: Yanis Varoufakis

18. "Forget the housing, bond or derivatives bubbles … Fraud Is the Biggest Bubble of all time"
Author: Ziad K. Abdelnour

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