Wednesday, May 5, 2010

Hilarious Interview With Myron Scholes

From this weekend's New York Times

What are you doing these days?
I split my time between giving talks around the world and running a hedge fund, Platinum Grove Asset Management.

Does a place or a city called Platinum Grove exist on any map?
No. One of my partners is Chinese, and he said we needed a name that had one metal in it and one wood.

The writer Nassim Nicholas Taleb contends that instead of giving advice on managing risk, you “should be in a retirement home doing sudoku.”
If someone says to you, “Go to an old-folks’ home,” that’s kind of ridiculous, because a lot of old people are doing terrific things for society. I never tried sudoku. Maybe he spends his time doing sudoku. 

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