“I was involved with Wells Fargo Bank as a consultant in the late 1960s...” — Myron Scholes Quote

“I was involved with Wells Fargo Bank as a consultant in the late 1960s and early 1970s, when I suggested to them that they develop a product that has become known as index funds.”

“All models have faults - that doesn't mean you can't use them as tools for making decisions.”

“Most of the time, your risk management works. With a systemic event such as the recent shocks following the collapse of Lehman Brothers, obviously the risk-management system of any one bank appears, after the fact, to be incomplete. We ended up where banks couldn't liquidate their risk, and the system tended to freeze up.”

“Like most plutocrats, I, too, am a proud and unapologetic capitalist. I have founded, cofounded or funded over 30 companies across a range of industries. I was the first non-family investor in Amazon.com. I cofounded a company called aQuantive that we sold to Microsoft for 6.4 billion dollars. My friends and I, we own a bank.”

“Israel will not and should not leave until it is clear that the West Bank can be policed by Palestinians and that the region will not be a source of terrorism against Israel, as Gaza and South Lebanon became when Israel left there.”