Meaning: The quote "I didn't become interested in derivatives until 1982, 1983." by John Hull reflects the personal journey of the author and his evolving interest in the field of derivatives. To fully comprehend the significance of this quote, it is essential to understand the context in which it was made and the background of John Hull.

John Hull is a renowned Canadian economist and professor of Derivatives and Risk Management at the Rotman School of Management at the University of Toronto. His expertise in the field of derivatives is widely recognized, and he is the author of the influential book "Options, Futures, and Other Derivatives," which is a standard reference for professionals and students in the field.

The quote suggests that John Hull's interest in derivatives was not immediate but rather developed over time, particularly in the early 1980s. This timeframe is significant in the history of financial markets, as it marks a period of substantial growth and innovation in the derivatives industry.

In the early 1980s, there was a surge in the popularity of financial derivatives as new instruments and markets emerged. This period witnessed the introduction of innovative derivative products such as futures and options on financial instruments, which revolutionized risk management and investment strategies in the financial industry.

John Hull's statement indicates that he was not initially drawn to the complexities of derivatives, but something about the developments in the early 1980s sparked his interest and prompted him to delve deeper into the subject. This shift in focus aligns with the broader trend of increasing interest and engagement with derivatives within the financial community during that time.

The quote also sheds light on the evolving nature of financial markets and the continuous learning and adaptation required to stay abreast of new developments. It highlights the fact that even experts like John Hull have their own journeys of discovery and evolution within their respective fields.

Furthermore, the quote serves as a reminder of the dynamic and ever-changing nature of the financial industry, where new concepts and instruments constantly come to the forefront, shaping the way professionals perceive and engage with financial markets.

In conclusion, John Hull's quote "I didn't become interested in derivatives until 1982, 1983." encapsulates his personal journey of discovery and evolving interest in derivatives, while also reflecting the broader context of the growth and innovation in the derivatives industry during the early 1980s. This quote provides valuable insights into the dynamic nature of financial markets and the ongoing learning process required to navigate this complex and evolving landscape.