Niall Ferguson Quote
Financial contracts known as options. In essence, the buyer of a call option has the right, but not the obligation, to buy an agreed quantity of a particular commodity or financial asset from the seller (‘writer’) of the option at a certain time (the expiration date) for a certain price (known as the strike price). Clearly, the buyer of a call option expects the price of the commodity or underlying instrument to rise in the future. When the price passes the agreed strike price, the option is ‘in the money’ - and so is the smart guy who bought it. A put option is just the opposite: the buyer has the right, but not the obligation, to sell an agreed quantity of something to the seller of the option.
Financial contracts known as options. In essence, the buyer of a call option has the right, but not the obligation, to buy an agreed quantity of a particular commodity or financial asset from the seller (‘writer’) of the option at a certain time (the expiration date) for a certain price (known as the strike price). Clearly, the buyer of a call option expects the price of the commodity or underlying instrument to rise in the future. When the price passes the agreed strike price, the option is ‘in the money’ - and so is the smart guy who bought it. A put option is just the opposite: the buyer has the right, but not the obligation, to sell an agreed quantity of something to the seller of the option.
Related Quotes
About Niall Ferguson
Ferguson writes and lectures on international history, economic history, financial history, and the history of the British Empire and American imperialism. He holds positive views concerning the British Empire. In 2004, he was one of Time magazine's 100 most influential people in the world. Ferguson has written and presented numerous television documentary series, including The Ascent of Money, which won an International Emmy Award for Best Documentary in 2009. In 2024, he was knighted by King Charles III for services to literature.
Ferguson has been a contributing editor for Bloomberg Television and a columnist for Newsweek. He began writing a semi-monthly column for Bloomberg Opinion in June 2020 and has also been a regular columnist at The Spectator and the Daily Mail. In 2021, he became a joint-founder of the new University of Austin. Since June 2024, he is a bi-weekly columnist at The Free Press. Ferguson has also contributed articles to many journals including Foreign Affairs and Foreign Policy. He has been described as a conservative and called himself a supporter of Ronald Reagan and Margaret Thatcher.