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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."

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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 pizza. And similarly, the stocks, bonds, warrants, etc., issued don't affect the aggregate value of the firm."

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Donna Grant

"If you want to know the value of half a second, ask the person who came second in a sprint event at the Olympics."

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Personal Development

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Donna Grant

"If you want to know the value of a week ask the editor of a weekly magazine if he fails to meet up with the target of his weekly publication."

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Personal Development

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Donna Grant

"If you want to know the value of a month, ask a pregnant woman, if a month matters in her pregnancy."

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Personal Development

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Donna Grant

"Gold may shine, but it has no true light."

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Personal Development

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Donna Grant

"Some of these things I saw in foreign films - African films, Cuban films - long before I decided to really go on this course as an actor. I started to think about what values I saw in those films that I wanted to bring to my projects."

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Donna Grant

"It has not been for nothing that the word has remained man's principal toy and tool: without the meanings and values it sustains, all man's other tools would be worthless."

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Donna Grant

"Every one of us is, in the cosmic perspective, precious. If a human disagrees with you, let him live. In a hundred billion galaxies, you will not find another."

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Donna Grant

"All sciences are now under the obligation to prepare the ground for the future task of the philosopher, which is to solve the problem of value, to determine the true hierarchy of values."

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Donna Grant

"A lot of attention has been going to social values - abortion, gay rights, other divisive issues - but economic values are equally important."

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Donna Grant

"A good story often increases the salability of an item without increasing its actual value."

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Merton Miller
"My main interest, however, was in economics, not law."

Economy

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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."

Finance

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Merton Miller
"My expertise was in public finance, particularly corporate taxation, since I had worked at the US Treasury."

Finance

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Merton Miller
"Junk bonds prove there's nothing magical in a Aaa bond rating."

Nothing

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Merton Miller
"Of course. I favor passive investing for most investors, because markets are amazingly successful devices for incorporating information into stock prices."

Success

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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."

Finance

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Merton Miller
"Arbitrage proof has since been widely used throughout finance and economics."

Finance

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Merton Miller
"I was born in Boston, Massachusetts on May 16, 1923, the only child of Joel and Sylvia Miller."

Boston

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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."

Values

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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."

People

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