Derivatives Quotes

Most fantasy is incredibly derivative of Tolkien, so when you read a lot of fantasy, it's really just elves and gnomes, and it all goes back to Tolkien. ~ John Orloff

Derivatives serve practically no purpose except to enrich bankers through opaque pricing and to deceive investors through off-the-balance-sheet accounting. ~ James Rickards

The stupid and dishonest accountants allowed the genie of totally inappropriate accounting to descend on derivatives books. And once this has happened - people get status, etc. - it's impossible to get it back into the bottle. ~ Charlie Munger

My design has always been a derivative of people I meet. I want to translate who they are and their personality into a room. ~ Jeremiah Brent

The ethics of plagiarism have turned into the narcissism of small differences: because journalism cannot own up to its heavily derivative nature, it must enforce originality on the level of the sentence. ~ Malcolm Gladwell

A.I.G. was even larger than Lehman, with a substantial presence in derivatives and debt markets, as well as in insurance markets. ~ Ben Bernanke

Vision, the hallmark of leadership, is less a derivative of spreadsheets and more a product of the mind called imagination. ~ Abraham Zaleznik

The first derivative is the last refuge of a scoundrel. ~ Charles P. Kindleberger

Derivatives trading should be standardized and as much as possible moved to clearinghouses. ~ Paul Singer

Derivatives are financial weapons of mass destruction. ~ Warren Buffett

He wished someone in the course of history had thought of striking that word and all its derivatives from the English Language - happy, happier, happiest, happiness. What the devil did the words really mean anyway? Why not just the word pleasure, which was far more ... well, pleasant. ~ Mary Balogh

If there were not derivatives, there would be no bank loans at all today, because people want to get fixed-rate 30-year loans, but banks don't want to keep 30-year loans on their books. ~ Jeff Greene

In the 1987 stock market crash, according to the conclusions of the official Brady report, colossal sales of stock index futures by so-called portfolio insurers - whose investment strategies depended entirely on these derivatives - greatly exacerbated the 500-point market decline. ~ Carol Loomis

Cannabis sativa and its derivatives are strictly prohibited in Turkey, and the natural correlative of this proscription is that alcohol, far from being frowned upon as it is in other Moslem lands, is freely drunk; being a government monopoly it can be bought at any cigarette counter. This fact is no mere detail; it is of primary social importance, since the psychological effects of the two substances are diametrically opposed to each other. Alcohol blurs the personality by loosening inhibitions. The drinker feels, temporarily at least, a sense of participation. Kif abolishes no inhibitions; on the contrary it reinforces them, pushes the individual further back into the recesses of his own isolated personality, pledging him to contemplation and inaction. It is to be expected that there should be a close relationsip between the culture of a given society and the means used by its members to achieve release and euphoria. For Judaism and Christianity the means has always been alcohol; for Islam it has been hashish. The first is dynamic in its effects, the other static. If a nation wishes, however mistakenly, to Westernize itself, first let it give up hashish. The rest will follow, more or less as a manner of course. Conversely, in a Western country, if a whole segment of the population desires, for reasons of protest (as has happened in the United States), to isolate itself in a radical fashion from the society around it, the quickest and surest way is for it to replace alcohol b ~ Paul Bowles

Simply, humans should not be given explosive toys (like atomic bombs, financial derivatives, or tools to create life). ~ Nassim Nicholas Taleb

With type as with philosophy, music and food, it is better to have a little of the best than to be swamped with the derivative, the careless, the routine. ~ Robert Bringhurst

I was named Margaret Yvonne. 'Margaret' because my mother was very fond of one of the derivatives of the name. She was fascinated at the time by the movie star Baby Peggy, and I suppose she wanted a Baby Peggy of her own. ~ Yvonne De Carlo

What we have found over the years in the marketplace is that derivatives have been an extraordinarily useful vehicle to transfer risk from those who shouldn't be taking it to those who are willing to and are capable of doing so. ~ Alan Greenspan

In truth, it's not the shareholders of the American International Group who benefited most from its bailout; they were mostly wiped out. The great beneficiaries have been the creditors and counterparties at the other end of A.I.G.'s derivatives deals - firms like Goldman Sachs, Merrill Lynch, Deutsche Bank, Societe Generale, Barclays and UBS. ~ Tyler Cowen

I regard consciousness as fundamental. I regard matter as derivative from consciousness. We cannot get behind consciousness. Everything that we talk about, everything that we regard as existing, postulates consciousness. ~ Max Planck

The beauty of a financial institution is that there are a lot of ways to go to hell in a bucket. You can push credit too far, do a dumb acquisition, leverage yourself excessively - it's not just derivatives [that can bring about your downfall]. ~ Charlie Munger

Do we have to regulate derivatives? Yes, we do. 'Cause when I did this in my investments, frankly, no one knew who could pay who. But derivatives have an important place in our economy. ~ Jeff Greene

Capitalism has become systemically risky when a single financial algorithm like the one that David X. Li created brought the entire global economic system close to collapse in 2008. ~ Said Elias Dawlabani

Modern women are just bombarded. There's nothing but media telling us we're all supposed to be great cooks, have great style, be great in bed, be the best mothers, speak seven languages, and be able to understand derivatives. And we don't really have women we're modeling after, so we're all looking for how to do this. ~ Jamie Lee Curtis

Change is most sluggish at the extremes precisely because the derivative is zero there. ~ Steven Strogatz

Derivatives are like sex. It's not who we're sleeping with, it's who they're sleeping with that's the problem. ~ Warren Buffett

The error in positivism is that it takes as its standard of truth the contingently given division of labor, that between the science and social praxis as well as that within science itself, and allows no theory that could reveal the division of labor to be itself derivative and mediated and thus strip it of its false authority. ~ Theodor Adorno

The good thing about a dealer's derivatives portfolio is that it is marked to market. ~ Carol Loomis

An unregulated derivatives market essentially gives Wall Street a way to place hidden taxes on everything in the world. ~ Matt Taibbi

The Fed should make a clear commitment to stable money to reduce the swings in interest rates and inflation. Instead, it champions and flaunts unstable money. This encourages momentum trading and the growth of derivatives. Meanwhile, layers of financial regulation make Washington bigger and more powerful but don't fix the underlying problems. ~ David Malpass

What I think about derivatives is if every institution that owns or trades them is properly margined and marked to market, including end-users, including every institution, including sovereigns and multilateral institutions, then the system would be safe - if people were margined the way customers of investment banks are margined. ~ Paul Singer

We [at Soros Fund Management] use options and more exotic derivatives sparingly. We try to catch new trends early and in later stages we try to catch trend reversals. Therefore, we tend to stabilize rather than destabilize the market. We are not doing this as a public service. It is our style of making money. ~ George Soros

There must be some Tommy Hilfiger event horizon, beyond which it is impossible to be more derivative, more removed from the source, more devoid of soul. ~ William Gibson

Considering the fact that the Harappan script may have been proto-Brahmi, the underlying language to be expected should be Sanskrit, or proto-Sanskrit, or derivatives of Sanskrit. Many of the rules of evolution that apply to scripts are equivalently true for languages too. Like scripts, languages too render themselves to similar evolutionary inspections, as they too carry imprints of their journey down the ages. ~ Subhajit Ganguly

But just as much as it is easy to find the differential [derivative] of a given quantity, so it is difficult to find the integral of a given differential. Moreover, sometimes we cannot say with certainty whether the integral of a given quantity can be found or not. ~ Johann Bernoulli

The model used by Wall Street to price trillions of dollar's worth of derivatives thought of the financial world as an orderly, continuous process. But the world was not continuous; it changed discontinuously, and often by accident. ~ Michael Lewis

With respect to their safety, derivatives, for the most part, are traded among very sophisticated financial institutions and individuals who have considerable incentive to understand them and to use them properly. ~ Ben Bernanke

I turn aside with a shudder of horror from this lamentable plague of functions which have no derivatives. ~ Charles Hermite

My first scientific paper in 1961 reported an additivity rule for substituent-induced shifts of proton NMR signals in steroid derivatives. ~ Jean-Marie Lehn

Furious, the beast writhed and wriggled its iterated integrals beneath the King's polynomial blows, collapsed into an infinite series of indeterminate terms, then got back up by raising itself to the nth power, but the King so belabored it with differentials and partial derivatives that its Fourier coefficients all canceled out (see Riemann's Lemma), and in the ensuing confusion the constructors completely lost sight of both King and beast. So they took a break, stretched their legs, had a swig from the Leyden jug to bolster their strength, then went back to work and tried it again from the beginning, this time unleashing their entire arsenal of tensor matrices and grand canonical ensembles, attacking the problem with such fervor that the very paper began to smoke. The King rushed forward with all his cruel coordinates and mean values, stumbled into a dark forest of roots and logarithms, had to backtrack, then encountered the beast on a field of irrational numbers (F1) and smote it so grievously that it fell two decimal places and lost an epsilon, but the beast slid around an asymptote and hid in an n-dimensional orthogonal phase space, underwent expansion and came out, fuming factorially, and fell upon the King and hurt him passing sore. But the King, nothing daunted, put on his Markov chain mail and all his impervious parameters, took his increment Δk to infinity and dealt the beast a truly Boolean blow, sent it reeling through an x-axis and several brackets - but the beast ~ Stanisław Lem

Since I was not able wholly to subscribe to any one set of beliefs advanced by any 'guru' I had to fall back on my own, however derivative. ~ Anthony Storr

Toxic derivatives were underpinned by toxic economics, which, in turn, were no more than motivated delusions in search of theoretical justification; fundamentalist tracts that acknowledged facts only when they could be accommodated to the demands of the lucrative faith. Despite their highly impressive labels and technical appearance, economic models were merely mathematized versions of the touching superstition that markets know best, both at times of tranquility and in periods of tumult. ~ Yanis Varoufakis

It is incontestable and deplorable that Negroes have committed crimes; but they are derivative crimes. They are born of the greater crimes of the white society. ~ Martin Luther King, Jr.

I turn away with fright and horror from the lamentable evil of functions which do not have derivatives. ~ Charles Hermite

Guilty as charged. Perl is happily ugly, and happily derivative. ~ Larry Wall

Maybe if you allowed me to blow off some steam, I wouldn't have been so frustrated when I had to find higher order fucking derivatives. ~ S.A. Tawks

Our initial sensory data are always "first derivatives," statements about differences which exist among external objects or statements about changes which occur either in them or in our relationship to them. Objects and circumstances which remain absolutely constant relative to the observer, unchanged either by his own movement or by external events, are in general difficult and perhaps always impossible to perceive. What we perceive easily is difference and change and difference is a relationship. ~ Gregory Bateson

Derivatives are a huge, complex issue. ~ Judd Gregg

The propaganda system allows the U.S. Ieadership to commit crimes without limit and with no suggestion of misbehavior or criminality; in fact, major war criminals like Henry Kissinger appear regularly on TV to comment on the crimes of the derivative butchers. ~ Edward S. Herman

We are aware that the gods of patriarchy are pale derivatives and reversals of ancient yet always Present Goddess(es). We suspect that phallocentric writers and artists who have even a glimmer of insight are sometimes made uncomfortable by their own state of deception. Those who have any awareness of the heinous crime of reversal which is patriarchy must be in a state of deep conflict and fear of...Her. ~ Mary Daly

The second danger of derivatives is that your love becomes vulnerable to contamination when you do it for money. If you are forced to do anything, even something you purport to love, in exchange for a paycheck, that love is put in danger. Years ago, I took a job as a limo driver because I loved to drive. By the time that job ended, I hated to drive. After work, I'd stay home because I was so sick of driving. My love was contaminated. ~ M.J. DeMarco

On first priority in design consideration is the full realization of individual potential in order to reach the second derivative full realization for all individuals ~ R. Buckminster Fuller

The harder a government, such as a dictatorship, tries to maintain monetary policy autonomy, the more it must either limit the movement of capital into and outside of the country, or the more it must compromise exchange-rate stability. ~ Janet M. Tavakoli

I view derivatives as time bombs, both for the parties that deal in them and the economic system. ~ Warren Buffett

There are challenges in terms of the measurement of VAR for what are known as nonlinear derivatives, where things like gamma and vega are important dimensions of the risk. ~ John Hull

Derivatives in and of themselves are not evil. There's nothing evil about how they're traded, how they're accounted for, and how they're financed, like any other financial instrument, if done properly. ~ James Chanos

There used to be corporations that produced products. Now there are just banks that produce deals, hedge-fund-driven banks and derivatives and those things. ~ Cornel West

You know those high school teachers who so quintessentially and stereotypically embody their subject matter that it is as if they were cast by a director? Mr. Carter was like that. I did not know they still made glasses like his glasses. He told us his dog was named "Dooty," short for Dooty Dexy, which is a phoneticized version of the calculus formula for second derivatives. ~ Katie Heaney

Derivative trading with mark-to-market accounting degenerates into mark-to-model. Two firms make a big derivative trade and the accountants on both sides show a large profit from the same trade. ~ Charlie Munger

We should probably stop trading derivatives, anything more complex than regular options ... I am an options trader, and I don't understand options. How do you want a regulator to understand them? ~ Nassim Nicholas Taleb

To follow Jesus implies that we enter into a way of life that is given character and shape and direction by the one who calls us. To follow Jesus means picking up rhythms and ways of doing things that are often unsaid but always derivative from Jesus, formed by the influence of Jesus. To follow Jesus means that we can't separate what Jesus is saying from what Jesus is doing and the way that he is doing it. To follow Jesus is as much, or maybe even more, about feet as it is about ears and eyes (The Way of Jesus, Eugene H. Peterson, 22). ~ Eugene H. Peterson

In our view, derivatives are financial weapons of mass destruction carrying dangers that, while latent, are potentially lethal. ~ Warren Buffett

The best way to look at any business is from the standpoint of the clients. So there are these certain basic things that aren't going to change. Companies are going to have needs for equity, debt, advice, FX, and derivatives. Individuals are going to have needs for auto loans, mortgages, something that looks like a deposit account, and the ability to send money to people. Those things aren't going to change. ~ Jamie Dimon

I feel that opiates - I include opium and all its derivatives, such as morphine, heroin, pantopon, etc. - are quite useless for any sort of creative work, useful though they may be for routine work. Much of the hard physical work in the Far East is done by opium addicts. ~ William S. Burroughs

It seems superfluous to constrain trading in some of the newer derivatives and other innovative financial contracts of the past decade. The worst have failed; investors no longer fund them and are not likely to in the future. ~ Alan Greenspan

I guess there was a little bit of a slight rebellion, maybe a little bit of a renegade desire that made me realize at some point in my adolescence that I really liked pictures that told stories of things - genre paintings, historical paintings - the sort of derivatives we get in contemporary society. ~ Kara Walker

The subprime disaster was a result of financial bombs - derivatives - exploding in financial institutions such as AIG and Lehman Brothers, as well as banks and financial institutions throughout the world. ~ Robert Kiyosaki

The Orderly Liquidation Authority prescribed by Dodd-Frank should be repealed and replaced by an amendment to the U.S. Bankruptcy Code which would operate to prevent cross-default provisions from impacting derivatives books so long as mark-to-market payments are being made in a timely fashion. ~ Paul Singer

Readers are less and less seen as mere non-writers, the subhuman other or flawed derivative of the author; the lack of a pen is no longer a shameful mark of secondary status but a positively enabling space, just as within every writer can be seen to lurk, as a repressed but contaminating antithesis, a reader. ~ Terry Eagleton

I think, my generation, it's hard to have hope when you got a $700-trillion derivatives debt to pay and a bubble about to explode and $500 trillion worth of GDP. ~ Shia Labeouf

We divorced ourselves from the materials of the earth, the rock, the wood, the iron ore; we looked to new materials which were cooked in vats, long complex derivatives of urine which we called plastic. They had no odor of the living, ... their touch was alien to nature ... [They proliferated] like the matastases of cancer cells. ~ Norman Mailer

I'm starting to feel like so much of rock music is derivative and boring. ~ Mary Timony

In just the last issue of Science Today there had been an article on some new psychotropic agents of the group of so-called benignimizers (the N,N-dimethylpeptocryptomides), which induced states of undirected joy and beatitude. Yes, yes! I could practically see that article now. Hedonidil, Euphoril, Inebrium, Felicitine, Empathan, Ecstasine, Halcyonal and a whole spate of derivatives. Though by replacing an amino group with a hydroxyl, you obtained instead Furiol, Antagonil, Rabiditine, Sadistizine, Dementium, Flagellan, Juggernol and many other polyparanoidal stimulants of the group of so-called phrensobarbs (for these prompted the most vicious behavior, the lashing out at objects animate as well as inanimate - and especially powerful here were the cannibal-cannabinols and manicomimetics). ~ Stanislaw Lem

The discussion of derivatives in the political world has become a zero sum game. ~ Jim Himes

Inappropriate macro economic policies in some economies, characterised by [a] low savings rate and high consumption [and] failure of financial supervision and regulation to keep up with innovation which allowed financial derivatives to spread. ~ Wen Jiabao

The marginal people on the trading desks, there's no skill set. If they don't trade derivatives, I don't know what they can do. The next stop is driving a cab. ~ James Chanos

They've been fairly positive, as firm as they could be in regards to the derivatives operations in Montreal. We didn't sense that there was a hesitation about it. But things change. ~ Jean Charest

I mean, we've always had gold bugs, but now we sort of realize that Treasure Bills might be in the same category. And we have derivatives like credit default swaps which are in this category, and we have derivatives like volatilities that are actually an asset class that we can invest in which are now - would out perform if we have another financial crisis. ~ Robert F. Engle

Comics deal with two fundamental communicating devices: words and images. Admittedly this is an arbitrary separation. But, since in the modern world of communication they are treated as independent disciplines, it seems valid. Actually, the are derivatives of a single origin and in the skillful employment of words and images lies the expressive potential of the medium. ~ Will Eisner

Scientific research sooner or later, but inevitably, encounters something ultimately given that it cannot trace back to something else of which it would appear as the regular or necessary derivative. Scientific progress consists in pushing further back this ultimately given. ~ Ludwig Von Mises

Overwinding happens when hedge funds destroy companies by attempting to leverage derivatives against otherwise productive long-term assets. ~ Douglas Rushkoff

Even the crudest, most derivative novel is an expression of the author's hopes and fears and ideas about good and evil. ~ Steven Saylor

To say accounting for derivatives is Americais a sewer is an insult to sewage. ~ Charlie Munger

If you have a traditional view of economics, you're probably thinking of Ben Bernanke making Fed policy, or the guys creating financial derivatives at Goldman Sachs. ~ Emily Oster

'Bush v. Gore' gave us a president who lost the popular vote, eventually appointed two more justices, and led us into a war of choice while failing to regulate a financial system dependent on toxic mortgage-backed derivatives. ~ Marvin Ammori

While we're talking about votes, Bernie Sanders is one who voted to deregulate swaps and derivatives in 2000, which contributed to the over-leveraging of Lehman Brothers, which was one of the culprits that brought down the economy. ~ Hillary Clinton

To Marx the claim of the theory of ideology is that all doctrine is a derivative of social circumstance. ~ Bernard Crick

When Charlie and I finish reading the long footnotes detailing the derivatives activities of major banks, the only thing we understand is that we don't understand how much risk the institution is running. ~ Warren Buffett

Fate' and 'coincidence' are the mythological derivatives authored by those who refuse to see a 'greater purpose', because such a conclusion would naturally suggest a 'Greater Being'. ~ Craig D. Lounsbrough

Don't worry about where you are. Watch the first derivative. ~ Fred Green

Forget the housing, bond or derivatives bubbles … Fraud Is the Biggest Bubble of all time ~ Ziad K. Abdelnour

Faith in the possibility of science, generated antecedently to the development of modern scientific theory, is an unconscious derivative from medieval theology. ~ Alfred North Whitehead

The warning signs had been there since the crash of 2008, but after the initial shock, nothing had been done to correct the problem. Banks had been trading over $7 trillion in risky derivatives daily, as well as fixing interest rates and making bets on the rigged games. There was an ever-growing gap between the elite and all the rest of the people which had continued to develop even after the 2008 crash. ~ Kenneth Eade

In the fall of 1972, President Nixon announced that the rate of increase of inflation was decreasing. This was the first time a president used the third derivative to advance his case for reelection. ~ Hugo Rossi

At Berkshire, I both initiate and monitor every derivatives contract on our books ... If Berkshire ever gets in trouble, it will be my fault. It will not be because of the misjudgments made by a risk committee or chief risk officer. ~ Warren Buffett

When your 18th, 19, 20 years old like we were at that time, its just like anyone else, you look at like Silverchair and bands like that that are super young and sound extremely derivative of bands that were out at that current moment. As they sounded like 'Nirvana in pajamas' as we called them, we sounded like Bon Jovi and Skid Row and Motley Crue, because we were only influenced by what was out at the time because we were so young ~ Butch Walker

Derivative writers seem versatile because they imitate many others, past and present. Artistic originality has only itself to copy. ~ Vladimir Nabokov

We've used derivatives for many, many years. I don't think derivatives are evil, per se, I think they are dangerous ... So we use lots of things daily that are dangerous, but we generally pay some attention to how they're used. We tell the cars how fast they can go. ~ Warren Buffett

Everyone caved, adopted loose [accounting] standards, and created exotic derivatives linked to theoretical models. As a result, all kinds of earnings, blessed by accountants, are not really being earned. When you reach for the money, it melts away. It was never there. It [accounting for derivatives] is just disgusting. It is a sewer, and if I'm right, there will be hell to pay in due course. All of you will have to prepare to deal with a blow-up of derivative books. ~ Charlie Munger

Beginning in the 1980s, electronic trading detached the buyer from the seller, complex derivatives insulated the investor from the company, CDOs sequestered the lender from the borrower - in other words, the decade constructed a system that allowed us to rip each other off without fear of having to look at the ramifications of our actions. ~ David Sirota