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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. ↗
But we discovered that, although I liked publishing, the commercial side meant nothing at all to me. ↗
#commercial #discovered #i #liked #me
