Option Prices Quotes & Sayings

I do not support a single-payer system; I do support having something there, whether it's an option or not. And we can work with that, but we have to have something to leverage so we can get the insurance company to bring down their prices, and the only way to do that is to have an alternative there. — David Scott

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

Some managements do not even think of buybacks as an option. The idea of shrinking their equity base repels them. Their inclination instead is to get bigger, and this often leads them to pay rich prices for acquisitions that never earn their keep. — Carol Loomis

Farmers facing lower prices have only one option if they want to be able to maintain their standard of living, pay their bills, and service their debt, and that is to produce more [corn] — Michael Pollan