Finance is just a set of tools. Just like anything else it really comes down to the moral fiber of the individual wielding that tool.
Fischer Black and Myron Scholes weren't sitting in front of their white board thinking about all the people they could rip off. They were genuinely trying to find a way to price options as a tool to mitigate risk.
I can use a hammer to build a house or sink the hammer into my enemies head. Either way, it's still a hammer.
Fischer Black and Myron Scholes weren't sitting in front of their white board thinking about all the people they could rip off. They were genuinely trying to find a way to price options as a tool to mitigate risk.
I can use a hammer to build a house or sink the hammer into my enemies head. Either way, it's still a hammer.