- Child
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- Nov 07, 2020
Merton Miller Quotes
Most Famous Merton Miller Quotes of All Time!
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- Last Updated on May 30, 2021
- Interest
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- Nov 07, 2020
My main interest, however, was in economics, not law.
- Financial
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- Nov 07, 2020
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.
- Advising
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- Nov 07, 2020
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.
- Finance
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- Nov 07, 2020
My expertise was in public finance, particularly corporate taxation, since I had worked at the US Treasury.
- Joke
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- Nov 07, 2020
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.
- Nov 07, 2020
Another is, if you take money out of your left pocket and put it in your right pocket, you're no richer.
- Economics
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- Nov 07, 2020
Arbitrage proof has since been widely used throughout finance and economics.
- Next
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- Nov 07, 2020
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.
- I Am
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- Nov 07, 2020
I should mention that I am a member of the board of directors of Dimensional Fund Advisors.
- Because
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- Nov 07, 2020
Of course. I favor passive investing for most investors, because markets are amazingly successful devices for incorporating information into stock prices.
- Everybody
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- Nov 07, 2020
So everybody has some information. The function of the markets is to aggregate that information, evaluate it, and get it incorporated into prices.
- Information
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- Nov 07, 2020
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.
- Finance
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- Nov 07, 2020