"If you do not have model humility, you will die."
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"If you do not have model humility, you will die."

--Scott Simon, managing director at Pacific Investment Management Co., discussing at the Bond Market Association's annual meeting how investors need to be aware that widely used option-adjusted spread models are not perfect.

"If you do not have model humility, you will die."--Scott Simon, managing director at Pacific Investment Management Co., discussing at the Bond Market Association's annual meeting how investors need to be aware that widely used option-adjusted spread models are not perfect.

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