# Prof. William Silber on the Volcker Rule

1 Faculty News February 21, 2012 ![Wall Street Journal logo](/sites/default/files/styles/246w/public/assets/images/wsjlogo.jpg?itok=5Qt0z3WX)>

Excerpt from [The Wall Street Journal](http://online.wsj.com/article/SB10001424052970204131004577235030106261156.html) -- "'The longer you hold \[a security\], the greater the probability that what you are doing is speculation,' argues [William Silber](http://w4.stern.nyu.edu/faculty/bio/william-silber), a former trader who teaches finance at the Stern School of Business of New York University and has written a soon-to-be-published biography of Mr. Volcker."

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