Markets Quotes by Merton Miller

... Any pension fund manager who doesn't have the vast majority-and I mean 70% or 80% of his or her portfolio-in passive investments is…

— Merton Miller

My main interest, however, was in economics, not law.

— Merton Miller

I should mention that I am a member of the board of directors of Dimensional Fund Advisors.

— Merton Miller

My expertise was in public finance, particularly corporate taxation, since I had worked at the US Treasury.

— Merton Miller

What counts is what you do with your money, not where it came from.

— Merton Miller

Diversification is your buddy.

— Merton Miller

I can't speak for them, of course, but I believe that most economists would accept the view that, while you sometimes can make a…

— Merton Miller

Everyone recognizes that's a joke because obviously the number and shape of the pieces doesn't affect the size of the pizza. And similarly, the…

— Merton Miller

Most people might just as well buy a share of the whole market, which pools all the information, than delude themselves into thinking they…

— Merton Miller

But in practice, if often comes down to not suffering a loss as big as the huge gain you made a while ago.

— Merton Miller

You only need to make one big score in finance to be a hero forever.

— Merton Miller

As an economics undergraduate, I also worked on a part-time basis in Cambridge, Massachusetts, for a company that was advising customers about portfolio decisions,…

— Merton Miller

What happened after publication of our paper was that, for the next 40 years, people said, all right, we now know the answer to…

— Merton Miller

Junk bonds prove there's nothing magical in a Aaa bond rating.

— Merton Miller

I had some of the students in my finance class actually do some empirical work on capital structures, to see if we could find…

— Merton Miller