Myron Scholes, PhD
Myron Scholes is Chief Investment Strategist at Janus Henderson Investors. In this role, he leads the firm’s evolving asset allocation product development efforts and partners with the investment team, contributing macro insights and quantitative analysis specific to hedging, risk management, and disciplined portfolio construction. Myron is also a member of the firm’s Solutions Group, a team that constructs multi-asset solutions for clients’ complex investment objectives. Among his many accomplishments, he is the Frank E. Buck Professor of Finance, Emeritus, at the Stanford Graduate School of Business. Myron is widely known for his seminal work in options pricing, capital market equilibrium, tax policies, and the financial services industry. He is a Nobel Laureate in Economic Sciences and co-originator of the Black-Scholes options pricing model, for which he was awarded the Nobel Prize in 1997.
Myron holds a PhD from the University of Chicago. He has numerous honorary doctorate degrees. He was awarded the Innovator of the Year Award from the Chicago Mercantile Exchange and the Lifetime Achievement Award from the Derivatives Association. Additionally, he is a member of the American Academy of Arts and Sciences. Myron has consulted widely with many financial institutions, corporations, and exchanges, and has lectured for many academic groups and other organisations around the world. He has 54 years of financial industry experience.
Articles Written
Options markets’ answers to investors’ most pressing questions
Signals within options markets indicate that artificial intelligence could lead to higher levels of productivity, profitability, and real interest rates.
Myron Scholes on Time: Adapting asset allocation to tomorrow’s reality
In this special episode, Dr. Myron Scholes explores the future of asset management with Janus Henderson CEO Ali Dibadj.
Myron Scholes on Time: Conundrums of risk management
In this episode, Myron tackles some of the toughest conundrums in risk management: when to de-risk, when to re-risk, and how to think about risk in a real, multi-period world.
Myron Scholes on Time: Understanding and building trust
A discussion on the importance of building trust in the investment management industry, and how data mining, clustering, and reverse engineering of models could create pitfalls.
Myron Scholes on Time: Time diversification
A discussion on time diversification and its importance in effecting investment outcomes.