Introduction
Vol. 22, No. 4, 2024
Douglas Breeden, John Hull and Sanjay Nawalkha
We are delighted to present the second special issue of the Journal of Investment Management, commemorating the 50th anniversary of the revolutionary Black-Merton-Scholes (BMS) option pricing model. This edition builds upon the themes of our first special issue, which featured Robert Merton’s keynote address and pivotal contributions from various scholars. In this issue, we have the privilege of highlighting the keynote delivered by Nobel Laureate Myron Scholes, whose insights continue to shape financial theory and practice.