![Black-Scholes works for short-term options, but if it's a long-term option and you think you know something [about the underlying asset], it's insane to use Black-Scholes.](/assets/img/quote-photos/black-scholes-works-for-short-term-options-but-if-its-a-long-term-option-and-yo.jpg)
Related Quotes
thinking hiking feet-and-walking
If I could not walk far and fast, I think I should just explode and perish. Charles Dickens
thinking vanity
None of us are so much praised or censured as we think. Charles Caleb Colton
thinking two glory
There are two things which ought to teach us to think but meanly of human glory; the very best have had their calumniators, the very worst their panegyrists.
thinking enemy frankness
He that openly tells, his friends all that he thinks of them, must expect that they will secretly tell his enemies much that they do not think of him.
thinking people remember
A thorough-paced antiquary not only remembers what all other people have thought proper to forget, but he also forgets what all other people think is proper to remember.
thinking daring finished
Those who have finished by making all others think with them, have usually been those who began by daring to think with themselves.
thinking mind wish
I never thought before, that there was a woman in the world who could affect me so much by saying so little. But don't be hard in your construction of me. You don't know what my state of mind towards you is. You don't know how you haunt and bewilder me. You don't know how the cursed carelessness that is over-officious in helping me at every other turning of my life WON'T help me here. You have struck it dead, I think, and I sometimes wish you had struck me dead along with it.
thinking greed words-of-wisdom
"As I think I told you once before," said I, "it is you who have been, in your greed and cunning, against all the world. It may be profitable to you to reflect, in future, that there never were greed and cunning in the world yet, that did not do too much, and overreach themselves. It is as certain as death."
thinking words-of-wisdom secret
Don't you think that any secret course is an unworthy one?
long vengeance retribution
Vengeance and retribution require a long time; it is the rule.
long wit long-time
Scattered wits take a long time in picking up.
long trials hardship
You may go through difficulty, hardship, or trial—but as long as you are anchored to Him, you will have hope. Charles Stanley
long might serving-god
I long for nothing more earnestly than to serve God with all my might. Charles Spurgeon
long people giving
I am not the only one that condemns the idle; for once when I was going to give our minister a pretty long list of the sins of one of our people that he was asking after, I began with, "He's dreadfully lazy." "That's enough," said the old gentleman; " all sorts of sins are in that one.
long eternity endless
Time, how short-eternity, how long! Death, how brief-immortali ty, how endless!
long doe christ
He who does not long to know more of Christ, knows nothing of him yet.
long care doe
Satan does not care whether he drags you down to hell as a Calvinist or as an Arminian, so long as he can get you there.
long effort mind
Essentially Satori is a sudden experience, and it is often described as a "turning over" of the mind, just as a pair of scales will suddenly turn over when a sufficient amount of material has been poured into one pan to overbalance the weight in the other. Hence it is an experience which generally occurs after a long and concentrated effort to discover the meaning of Zen. Alan Watts
black calling world
If the universe is meaningless, so is the statement that it is so. If this world is a vicious trap, so is its accuser, and the pot is calling the kettle black.
black-and-white periods recreation
Period recreation is very difficult unless you make a black-and-white movie. Alan Parker
black magic mind
Magic is a state of mind. It is often portrayed as very black and gothic, and that is because certain practitioners played that up for a sense of power and prestige. That is a disservice. Magic is very colorful. Of this, I am sure. Alan Moore
black done facts
The writer cannot expect to be excused from the task of reeducation and regeneration that must be done. In fact, he should march right in front. Chinua Achebe
black ships peter
That is the Wasp, yes. But it was captured by Black Stache, and he’s coming for this ship now.” “And how do you know that?” asked Slank. “Did a seagull tell you?” This brought chuckles from the crew. Something like that, thought Peter. Dave Barry
black laughed ifs
If Black Stache laughed, you laughed. If he snarled, you snarled. If he breathed in your direction, you ran for cover.
black-and-white computer fascinated
It was a black and white only computer at the time, but it kept me fascinated. Buffy Sainte-Marie
black taught moments
At this moment, then, the Negroes must begin to do the very thing which they have been taught that they cannot do. Carter G. Woodson
black movement yards
I had formed a black movement, so I would speak for the Trotskyist movement and then walk about a hundred yards to where the black movement was speaking. C. L. R. James