The experience of the '90s, whether it's the '94 peso crisis or the '97 crisis in Asia, the '98 crisis, even the 2001 crisis, is that we recovered pretty readily. There wasn't great consequence.
More Quotes by Myron Scholes
Sometimes the early bird gets the worm, but sometimes the early bird gets frozen to death.
I think in our global economy, uncertainty is ever increasing. So to accommodate to that, we need to build a dynamic economy and dynamic rules that can adapt to changing circumstances.
All models have faults - that doesn't mean you can't use them as tools for making decisions.
I'm a theorist, not an institutionalist.
Every side of a coin has another side.
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.