#mo

The HoLee model was the first term structure model. I remember reading their paper soon after it was published and as it was fairly different from many of the other papers that I had read, I had to read it quite a few times. I realized that it was a really important paper. ↗

— John Hull

#different #fairly #few #first #had

The problem with interest rates are that you are not modeling a single number, you are modeling a whole term structure, so it is a sort of different type of problem. ↗

— John Hull

#interest #modeling #number #problem #rates

When interest rates are high you want the average direction in which interest rates are moving to be downward; when interest rates are low you want the average direction to be upward. ↗

— John Hull

#direction #downward #high #interest #low

Yes, our tree has an interesting shape. The center branches reflect the shape of the zero curve. When extreme parts of the tree are reached the branching pattern changes to accommodate the mean reversion. ↗

— John Hull

#branches #center #changes #curve #extreme

Jazz was more of a tool for me to use to enhance my musicality. ↗

— John Otto

#jazz #me #more #musicality #tool

Never forget that God tests his real friends more severely than the lukewarm ones. ↗

— Kathryn Hulme

#friends #god #his #lukewarm #more

The world is a stage and the play is badly cast. ↗

— Oscar Wilde

#humor

Television has certain imperatives that CNN had the luxury of ignoring for a long period of time. CNN could take the position that the news would be the star, because in most of the programming day, they were the only all-news operation on the air. ↗

— Brit Hume

#because #certain #cnn #could #day

We had a couple of minor coups that made a big difference. We snared away from a competitor a correspondent already on the ground in Afghanistan. That was an enormous help to us, because there we were. ↗

— Brit Hume

#already #away #because #big #big difference

We had more viewers on the broadcast network than we did on the cable channel. ↗

— Brit Hume

#cable #channel #did #had #more