The longer-term the option, the sillier the results generated by the Black-Scholes option pricing model, and the greater the opportunity for people who didn't use it.
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Chapter Five, Accidental Capitalists, p. 122Michael Lewis
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Looking into it a bit, Jamie found that the model used by Wall Street to price LEAPs, the Black-Scholes option pricing model, made some strange assumptions.
Michael Lewis
I think it's absolutely touch-and-go whether we're going to make it. But the point is, for me to tell you that you have an option is not to be optimistic... Time and again, of course I am running into millions who don't know we have the option, because it's invisible, and I feel I have tremendous responsibility. So when people ask me to come and talk to them, I do my best to let them know they do have the option. Of course they're pessimistic, not knowing that.
Buckminster Fuller
Imagination is a force that can actually manifest a reality. ... Don’t put limitations on yourself. Other people will do that for you. Don’t do that to yourself. Don’t bet against yourself. And take risk. NASA has this phrase that they like, "Failure is not an option." But failure has to be an option. In art and exploration, failure has to be an option. Because it is a leap of faith. And no important endeavour that required innovation was done without risk. You have to be willing to take those risks. … In whatever you are doing, failure is an option. But fear is not.
James (director) Cameron
All my adult life I have seen British governments driven off their virtuous pursuit of low inflation by market problems or political pressures. I was under no illusions when I took Britain into the ERM. I said at the time that membership was no soft option. The soft option, the devaluer's option, the inflationary option, that would in my opinion be a betrayal of Britain's future.
John Major
Most of all I was numb, but there were moments when the pain cut through like a shard of broken glass. I began to understand how despair led people to just cash it in; how suicide wasn't just an option but a rational option.
Joseph (Joe) Biden
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