All Merton Miller Quotes
- To beat the market you'll have to invest serious bucks to dig up information no one else has yet. Beat
- You only need to make one big score in finance to be a hero forever. Big
- What counts is what you do with your money, not where it came from. Came
- Junk bonds prove there's nothing magical in a Aaa bond rating. Aaa Bond
- 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 stocks,… Affect
- Arbitrage proof has since been widely used throughout finance and economics. Arbitrage
- 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, writing… Advising
- But in practice, if often comes down to not suffering a loss as big as the huge gain you made a while ago. Ago
- I should mention that I am a member of the board of directors of Dimensional Fund Advisors. Advisor
- I had some of the students in my finance class actually do some empirical work on capital structures, to see if we could find any… Any
- I favour passive investing for most investors, because markets are amazingly successful devices for incorporating information into stock prices. Amazingly
- If there's 10,000 people looking at the stocks and trying to pick winners, one in 10,000 is going to score, by chance alone, a great… All
- My expertise was in public finance, particularly corporate taxation, since I had worked at the US Treasury. Corporate
- I was born in Boston, Massachusetts on May 16, 1923, the only child of Joel and Sylvia Miller. Born
- My main interest, however, was in economics, not law. Economics
- My research interests since then have shifted strongly towards the economic and regulatory problems of the financial services industry, and especially of the securities and… Economic
- What happened after publication of our paper was that, for the next 40 years, people said, all right, we now know the answer to the… All
- Of course. I favor passive investing for most investors, because markets are amazingly successful devices for incorporating information into stock prices. Amazingly
- So everybody has some information. The function of the markets is to aggregate that information, evaluate it, and get it incorporated into prices. Aggregate
- Another is, if you take money out of your left pocket and put it in your right pocket, you're no richer. Left
- 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 score… Accept
- Most people might just as well buy a share of the whole market, which pools all the information, than delude themselves into thinking they know… All