Etc Quote by 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 stocks, bonds, warrants, etc., issued don't affect the aggregate value of the firm.”

Merton Miller

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Etc Firm Jokes Numbers Pieces Pizza Shapes Size Ties Values

More 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

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

Merton Miller

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

Merton Miller

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

Merton Miller

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

Merton Miller

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Diversification is your buddy.

Merton Miller

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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

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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

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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

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

Merton Miller

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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

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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

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Explore all 24 Merton Miller quotes

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(knitting while on a motorcycle) "For several years she knitted in secret (my father would not approve; she was to concentrate on motorcycling and…

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Neither Italian fascism nor German national "socialism" have anything in common with such a [Soviet socialistic] society, primarily because private ownership of factories, plants,…

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I am a horrible visual artist. I can't fix a car, sew, knit, cook, etc. Statistically, there is more I don't do than do.

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Life as we know it is fundamentally unsatisfying. I think most folks feel this to be true. They know that a life of aimless…

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The Hindus have a peculiar slovenliness in business matters, not being sufficiently methodical and strict in keeping accounts etc.

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They look at what's more important, like subjects to help with the SAT's, etc. They miss that music is vital. It offers a break…

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The "health, education, and welfare" section of government is another boondoggle. First we manufacture indigent and superfluous people by legal monopolies in land, money…

Laurance Labadie