BNN.CA Myron Scholes Interview

What is actually required in the derivatives market is a uniquely transparent view of just how much leverage is involved in any delta hedging position, and at the same time whether the stock you just bought is one amongst many that are traded against the moving trend in treasuries. Just like you would list a short position in a stock. That would be fair.

IFRS accounting rules must be made to work for the shareholder, not for the minority and managerial interest.

A much more simple approach regardless would be to commit to paying dividends, for any non-yielding stock.

We need a higher gold price, pronto, but for the moment, HERE'S MYRON!!

http://www.bnn.ca/News/2012/5/2/Derivatives-market-the-scapegoat-Scholes.aspx

-F6