Fischer Black Quotes

In the end, a theory is accepted not because it is confirmed by conventional empirical tests, but because researchers persuade one another that the theory is correct and relevant.

Markets look a lot less efficient from the banks of the Hudsonthan the banks of the Charles.

One of the things I like about doing science, the thing that is the most fun, is coming up with something that seems ridiculous when you first hear it but finally seems obvious when you're finished.

In the real world of research, conventional tests of [statistical] significance seem almost worthless.