Authors:
Topics:
Quotes › Charlie Munger

Charlie Munger Quotes About Scholes

We have collected for you the TOP of Charlie Munger's best quotes about Scholes! Here are collected all the quotes about Scholes starting from the birthday of the Business person – January 1, 1924! We hope you will be inspired to new achievements with our constantly updated collection of quotes. At the moment, this page contains 2 sayings of Charlie Munger about Scholes. We will be happy if you share our collection of quotes with your friends on social networks!

  • Black-Scholes is a know-nothing system. If you know nothing about value - only price - then Black-Scholes is a pretty good guess at what a 90-day option might be worth. But the minute you get into longer periods of time, it's crazy to get into Black-Scholes. For example, at Costco we issued stock options with strike prices of $30 and $60, and Black-Scholes valued the $60 ones higher. This is insane.

    →
    Charlie Munger
    Black  

  • 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.

    →
    Charlie Munger
    Thinking   Long   Black  
Page of
Did you find Charlie Munger's interesting saying about Scholes? We will be glad if you share the quote with your friends on social networks! This page contains Business person quotes from Business person Charlie Munger about Scholes collected since January 1, 1924! Come back to us again – we are constantly replenishing our collection of quotes so that you can always find inspiration by reading a quote from one or another author!
You May Also Like:
Walter Schloss
Philip Arthur Fisher
Irving Kahn
Bill Ackman
John C. Bogle
Bill Gates
Guy Spier
Jared Fogle

Charlie Munger

  • Born: January 1, 1924
  • Occupation: Business person
2 Quotes

Related Authors

Popular Topics