Merton Miller Quotes & Sayings
20 most famous Merton Miller quotes and sayings (economist). These are the first 10 quotes we have.
“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 pizza. And similarly, the stocks, bonds, warrants, etc., issued don't affect the aggregate value of the firm.”
“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.”
“So everybody has some information. The function of the markets is to aggregate that information, evaluate it, and get it incorporated into prices.”
“My expertise was in public finance, particularly corporate taxation, since I had worked at the US Treasury.”
“I should mention that I am a member of the board of directors of Dimensional Fund Advisors.”
“To beat the market you'll have to invest serious bucks to dig up information no one else has yet.”
“Another is, if you take money out of your left pocket and put it in your right pocket, you're no richer.”
“But in practice, if often comes down to not suffering a loss as big as the huge gain you made a while ago.”
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