English En
  • Deutsche De
  • English En
  • Français Fr
  • Русский Ru

We use cookies to personalise content and ads, to provide social media features and to analyse our traffic. We also share information about your use of our site with our marketing and analytics partners who may combine it with other information you've provided to them or which they've separately collected from you. You also may to see our Privacy Policy. By clicking the OK button below, you accept our cookies.

Authors:

Merton Miller quotes

American Economist May 16, 1923 – June 3, 2000

Cite this Page: Citation

Quotes

Of course. I favor passive investing for most investors, because markets are amazingly successful devices for incorporating information into stock prices. Merton Miller
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 reports. Merton Miller
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 obvious patterns in the data, but we couldn't see any. Merton Miller
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. Merton Miller
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 options exchanges. Merton Miller
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 by sheer luck, you can't do it constantly, unless you're willing to put the resources in. Merton Miller
Merton Miller quote: "My expertise was in public finance, particularly corporate..."
My expertise was in public finance, particularly corporate taxation, since I had worked at the US Treasury. Merton Miller
Merton Miller quote: "Another is, if you take money out of your left pocket and put..."
Another is, if you take money out of your left pocket and put it in your right pocket, you're no richer. Merton Miller
Merton Miller quote: "What counts is what you do with your money, not where it came..."
What counts is what you do with your money, not where it came from. 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
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. Merton Miller
Merton Miller quote: "Junk bonds prove there's nothing magical in a Aaa bond rating."
Junk bonds prove there's nothing magical in a Aaa bond rating. Merton Miller
Merton Miller quote: "You only need to make one big score in finance to be a hero..."
You only need to make one big score in finance to be a hero forever. Merton Miller
Merton Miller quote: "To beat the market you'll have to invest serious bucks to dig..."
To beat the market you'll have to invest serious bucks to dig up information no one else has yet. Merton Miller
Merton Miller quote: "But in practice, if often comes down to not suffering a loss..."
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

Popular Author

Related Authors