Merton Miller Quotes

Merton Miller — American Economist born on May 16, 1923, died on June 03, 2000

Merton Howard Miller was an American economist, and the co-author of the Modigliani–Miller theorem, which proposed the irrelevance of debt-equity structure. He shared the Nobel Memorial Prize in Economic Sciences in 1990, along with Harry Markowitz and William F. Sharpe. Miller spent most of his academic career at the University of Chicago's Booth School of Business... (wikipedia)

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.

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 something the market doesn't.

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.

To beat the market you'll have to invest serious bucks to dig up information no one else has yet.

Merton Miller Quotes

Merton Miller Quotes

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