Derivatives Quotes

Only at his maximum does an individual surpass all his derivative elements, and become purely himself. And most people never get there. In his own pure individuality a man surpasses his father and mother, and is utterly unknown to them.

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

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

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.

You'll get more support on a hard, important, project than a derivative one.

Fantasy remains a human right: we make in our measure and in our derivative mode, because we are made: and not only made, but made in the image and likeness of a Maker.

I am not really inclined to think there is any very effective regulation of the derivative securities markets that would be useful. People who go into it essentially ought to know what risks they're taking and I don't see any useful regulation.

My first two books are out of print and, okay, they can sleep there comfortably. It's early work, derivative work.

We have to rethink our whole energy approach, which is hard to do because we're so dependent on oil, not just for fuel but also plastic. If plastic vanished, there would be total chaos. We have to think quite carefully about using oil, and its derivatives, because it's not going to be around forever.

I am ready to disclaim my opinion, even of yesterday, even of 10 minutes ago, because all opinions are relative. One lives in a field of influences, one is influenced by everyone one meets, everything is an exchange of influences, all opinions are derivative. Once you deal a new deck of cards, you've got a new deck of cards.

This is a derivative, if you will, of Cloward-Piven [theory]. "[Stephen] Lerner's plan is to organize a mass, coordinated 'strike' on mortgage, student loan, and local government debt payments - thus bringing the banks to the edge of insolvency and forcing them to renegotiate the terms of the loans.

The hallucinogens produce visionary states, sort of, but morphine and its derivatives decrease awareness of inner processes, thoughts and feelings. They are pain killers; pure and simple. They are absolutely contraindicated for creative work, and I include in the lot alcohol, morphine, barbiturates, tranquilizers the whole spectrum of sedative drugs.

The world of derivatives is full of holes that very few people are really aware of. It's like hydrogen and oxygen sitting on the corner waiting for a little flame.

What sometimes enrages me and always disappoints and grieves me is the preference of great schools of learning for the derivative as opposed to the original, for the conventional and thin which can be duplicated in many copies rather than the new and powerful, and for arid correctness and limitation of scope and method rather than for universal newness and beauty, wherever it may be seen.

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.

Life can be lived at a remove. You trade in futures, and then you trade in derivatives of futures. Banks make more money trading derivatives than they do trading actual commodities.

It is evident that no derivative laws can teach the young student to see and apprehend colour in nature. His perception needs development as urgently as his muscles.

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.

It was the last generation of writers [ the Cheers] that had grown up reading books instead of watching TV. So you weren't getting anything that was derivative of I Love Lucy or Happy Days. You were getting real characters [like those] they read in P.G. Wodehouse or Dickens or somewhere along the line, because they had all grown up with a love of literature.

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).

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 dont fix the underlying problems.

Nor can private counterparties restrict supplies of gold, another commodity whose derivatives are often traded over-the-counter, where central banks stand ready to lease gold in increasing quantities should the price rise.

In the case of a meltdown, the regulatory authorities may find themselves obliged to step in to preserve the integrity of the system. It is in that light that the authorities have both a right and an obligation to supervise and regulate derivative instruments.

This guy [Steve Lerner] is pure, 100% anti-capitalist and what he wants is what Cloward-Piven has basically said: Just overwhelm the system. It's sort of a derivative of Cloward-Piven.

When I evaluate a candidate, one of the most important criteria is what I call “the first derivative.” Is this person learning? Is this candidate moving forward, or have they stagnated.

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.

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.

There's nothing terribly wrong with The November Man in a serviceable late-night cable TV sort of way but neither is there anything terribly right about it. It's unnecessary and derivative.

Most banks - with Deutsche Bank at the top of the spectrum here - have decided that they can't make money lending to barrowers anymore, so they're going to the second business plan: They lend money to casino capitalists. That is, to people who want to gamble on derivatives.

Derivatives are financial weapons of mass destruction.

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.

The planet Earth in its present mode of florescence is being devastated. This devastation is being fostered and protected by legal, political and economic establishments that exalt the human community while offering no protection to the non-human modes of being. There is an urgent need for a Jurisprudence (system of governance) that recognizes that the well-being of the integral world community is primary, and that human well-being is derivative - an Earth Jurisprudence.

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.

In the beginning I had a lot of self-imposed limitations as far as production and instrumentation. It was really inspiring for us at the time, because those limitations allowed us to push ourselves as songwriters and gave us a strong sound that people could recognize as ours, like wearing a leather jacket every day. A uniform. They know it's you - and that's great - but my original intention wasn't to be a shoegaze band or to be derivative of one sound.

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.

You never want to have a movie be derivative, because that's the worst if you ask me. I always want to be in original material, or an original idea, or an original vision, rather than a rehash of some other movie.

There are only four great arts: music, painting, sculpture, and ornamental pastry- architecture being perhaps the least banal derivative of the latter.

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.

The use of a growing array of derivatives and the related application of more-sophisticated approaches to measuring and managing risk are key factors underpinning the greater resilience of our largest financial institutions... Derivatives have permitted the unbundling of financial risks.

When we take a top-tier view of the amount of code showing up inside of Linux today that is either directly related to our Unix System 5 that we directly own or is related to one of our flavors of Unix that we have derivative works rights over--we don't necessarily own those flavors, but we have control rights over how that information gets disseminated--the amount is substantial. We're not talking about just lines of code; we're talking about entire programs. We're talking about hundred [sic] of thousands of lines of code.

But the mark of American merit in painting, in sculpture, in poetry, in fiction, in eloquence, seems to be a certain grace withoutgrandeur, and itself not new but derivative; a vase of fair outline, but empty,--which whoso sees, may fill with what wit and character is in him, but which does not, like the charged cloud, overflow with terrible beauty, and emit lightnings on all beholders.

Who has not been amazed to learn that the function y = ex, like a phoenix rising from its own ashes, is its own derivative?

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.

When we say 'science' we can either mean any manipulation of the inventive and organizing power of the human intellect: or we can mean such an extremely different thing as the religion of science, the vulgarized derivative from this pure activity manipulated by a sort of priestcraft into a great religious and political weapon.

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

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.

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.

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.

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.

My career in academic research has not been involved with active management of securities. I've tried to understand risk-and-return relationships; also the pricing of derivative securities.