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Many people speculate in BitCoin. It is approximately 8 times more volatile than the stock market. However, that is not the primary use of BitCoin. BitCoin is designed to efficiently and securely aid in transactions.

— Campbell Harvey

Duke University finance professor; pioneering research on market anomalies and asset pricing

BitCoin might not be the final model but it is definitely here to stay. Many have criticized BitCoin because it enables illegal transactions. I think the critique is lame. Did you know that 75% of the value of all U.S. cash is in $100 bills? Cash is the problem.

— Campbell Harvey

Duke University finance professor; pioneering research on market anomalies and asset pricing

The block chain or general ledger could be a secure repository of private information, property ownership, and conditional contracts. For example, consider buying a car. The dealership sells it to you and it goes into the block chain. You have a private code that identifies you as the owner.

— Campbell Harvey

Duke University finance professor; pioneering research on market anomalies and asset pricing

The BitCoin general ledger is called the block chain. It is remarkably secure. To break into the chain, you would have to amass 25,000 of the world's fastest supercomputers. That seems completely infeasible.

— Campbell Harvey

Duke University finance professor; pioneering research on market anomalies and asset pricing

Crypto-currency is a means by which people can exchange property in a secure way without the use of a central institution like a bank or the Federal Reserve. The currency is digital and particular crypto-currencies like BitCoin go to extreme lengths so that you can only spend your digital currency once.

— Campbell Harvey

Duke University finance professor; pioneering research on market anomalies and asset pricing

To break into the chain, you would have to amass 25,000 of the world's fastest supercomputers. That seems completely infeasible. This is one of the big advantages of BitCoin – the ledger is practically unhackable.

— Prof. Campbell Harvey

Duke Finance Professor & Co-Developer of Campbell Harvey Market Timing Model

Crypto-currency is a means by which people can exchange property in a secure way without the use of a central institution like a bank or the Federal Reserve.

— Prof. Campbell Harvey

Duke Finance Professor & Co-Developer of Campbell Harvey Market Timing Model