Fischer Black quotes

“In the end, a theory is accepted not because it is confirmed by conventional empirical tests, but because researchers persuade one another that the theory is correct and relevant.”
-- Fischer Black

Source : Fischer Black (2009). “Business Cycles and Equilibrium”, p.179, John Wiley & Sons

#Tests Quotes #Accepted Quotes #Ends Quotes

“Thus a long term corporate bond could actually be sold to three separate persons. One would supply the money for the bond; one would bear the interest rate risk, and one would bear the risk of default. The last two would not have to put up any capital for the bond, though they might have to post some sort of collateral.”
-- Fischer Black

#Two Quotes #Long Quotes #Risk Quotes

“In the real world of research, conventional tests of [statistical] significance seem almost worthless.”
-- Fischer Black

#Real Quotes #Research Quotes #World Quotes

“Markets look a lot less efficient from the banks of the Hudsonthan the banks of the Charles.”
-- Fischer Black

#Looks Quotes #Efficient Quotes

“Do not rely completely on any other human being, however dear. We meet all life's greatest tests alone.”

“Life is not a multiple choice test, it's an open-book essay exam.”

“You know, being a test pilot isn't always the healthiest business in the world.”

“The test of intellect is the refusal to belabor the obvious.”

“Psychiatric diagnosis still relies exclusively on fallible subjective judgments rather than objective biological tests.”

“Gold still represents the ultimate form of payment in the world. Fiat money in extremis is accepted by nobody. Gold is always accepted.”

Source : "Gold is again proving its value in a risky world" by George Trefgarne, www.telegraph.co.uk. December 23, 2002.

“People are not embracing collectivism because they have accepted bad economics. They are accepting bad economics because they have embraced collectivism.”

“When we end up in a situation where we have been rejected, there is an acceptance in Christ of a new place He is going to take us. It is like nothing we have ever experienced. You are accepted in Christ, never rejected by Him.”

“You're allowed to make things for women on television and there's not like... you don't have to go through the humiliation of having made something directed at women. There it's just accepted, whereas if it's a feature, it's like 'So, talk to me about chick flicks.”

“You see, Hansel and Gretel don’t just show up at the end of this story. They show up. And then they get their heads cut off. Just thought you’d like to know.”

Source : Adam Gidwitz (2012). “In a Glass Grimmly”, p.143, Penguin