"What happened after publication of our paper was……" — 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 the capital structure question under ideal conditions."
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Merton Miller
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22 Quotes by Merton Miller
Merton Miller has 22 quotes on this site.
A few more worth reading:
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To beat the market you'll have to invest serious bucks to dig up information no one else has yet.
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You only need to make one big score in finance to be a hero forever.
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What counts is what you do with your money, not where it came from.
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Junk bonds prove there's nothing magical in a Aaa bond rating.
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Everyone recognizes that's a joke because obviously the number and shape of the pieces doesn't affect the size of the…
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Arbitrage proof has since been widely used throughout finance and economics.
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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…
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But in practice, if often comes down to not suffering a loss as big as the huge gain you made…
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I should mention that I am a member of the board of directors of Dimensional Fund Advisors.
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I had some of the students in my finance class actually do some empirical work on capital structures, to see…
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I favour passive investing for most investors, because markets are amazingly successful devices for incorporating information into stock prices.
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If there's 10,000 people looking at the stocks and trying to pick winners, one in 10,000 is going to score,…
See all 22 quotes by Merton Miller »
More All Quotes
This quote is filed under All Quotes,
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The new always happens against the overwhelming odds of statistical laws and their probability, which for all practical, everyday purposes…
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Where all are guilty, no one is; confessions of collective guilt are the best possible safeguard against the discovery of…
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We have almost succeeded in leveling all human activities to the common denominator of securing the necessities of life and…
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I keep my friends as misers do their treasure, because, of all the things granted us by wisdom, none is…
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We must all make peace so that we can all live in peace.
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Wise people, even though all laws were abolished, would still lead the same life.
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A friend to all is a friend to none.
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