"Junk bonds prove there's nothing magical in a……" — Merton Miller
"Junk bonds prove there's nothing magical in a Aaa bond rating."
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22 Quotes by Merton Miller
Merton Miller has 22 quotes on this site. A few more worth reading:
- To beat the market you'll have to invest serious bucks to dig up information no one else has yet.
- You only need to make one big score in finance to be a hero forever.
- What counts is what you do with your money, not where it came from.
- Everyone recognizes that's a joke because obviously the number and shape of the pieces doesn't affect the size of the…
- Arbitrage proof has since been widely used throughout finance and economics.
- As an economics undergraduate, I also worked on a part-time basis in Cambridge, Massachusetts, for a company that was advising…
- But in practice, if often comes down to not suffering a loss as big as the huge gain you made…
- I should mention that I am a member of the board of directors of Dimensional Fund Advisors.
- I had some of the students in my finance class actually do some empirical work on capital structures, to see…
- I favour passive investing for most investors, because markets are amazingly successful devices for incorporating information into stock prices.
- If there's 10,000 people looking at the stocks and trying to pick winners, one in 10,000 is going to score,…
- My expertise was in public finance, particularly corporate taxation, since I had worked at the US Treasury.