Monday, December 14, 2009

Quote of the day...

End of the fall semester is upon us and here is a few quotes that will cheer up anyone staying up all night memorizing formulas, doing 10 degree binomial options by hand, valuing currency swaps, and estimating volatility for the BSOPM all while drifting through the la-la land of modern financial academia. Where money is cheap and there's always an unlimited risk-free lender of last resort. Arbitrage opportunities are abundant and investors are risk averse utility-maximizing investors who have homogeneous expectations with no taxes or transactions costs. I imagine this place to be somehow a combination of these three images...

Anyways, here you go:

"The important thing is not to stop questioning. Curiosity has its own reason for existing."
- Albert Einstein

"Imagination is more important than knowledge. Knowledge is limited; imagination encircles the world."
- Albert Einstein

"Education is what remains after one has forgotten everything he learned in school."
- Albert Einstein

"It is not so very important for a person to learn facts. For that he does not really need a college. He can learn them from books. The value of an education in a liberal arts college is not the learning of many facts but the training of the mind to think something that cannot be learned from textbooks."
- Albert Einstein

"Never memorize something that you can look up."
- Albert Einstein

1 comment:

  1. One of Einstein's colleagues asked him for his telephone number one day. Einstein reached for a telephone directory and looked it up. "You don't remember your own number?" the man asked, startled.

    "No," Einstein answered. "Why should I memorize something I can so easily get from a book?"