"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, Value

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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."

Exlpore more Values quotes

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

Sunday Adelaja, Nigerian Author

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"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."

Sunday Adelaja, Nigerian Author

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"Many a man was caused to perish by something that he and many men cherish."

Mokokoma Mokhonoana, South African Philosopher

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"Great beauty, great strength, and great riches are really and truly of no great use; a right heart exceeds all."

Benjamin Franklin, American Politician

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"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."

Carl Sagan, American Scientist

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"The best things in life are beyond money, their price is agony and sweat and devotion ... and the price demanded for the most precious of all things in life is life itself - ultimate cost for perfect value."

Robert A. Heinlein, American Writer

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"If we lose all of our wealth and are only left with love then, indeed, we shall never be poor."

Stephen Richards, British Author

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"It is values that tell you what your pattern and values must be on daily bases."

Sunday Adelaja, Nigerian Author

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"Values are not trendy items that are casually traded in."

Ellen Goodman, American Journalist

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"Over the past two decades, we have clearly seen an erosion of ethical values."

Arthur Levitt, American Public Servant

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Explore more quotes by Merton Miller

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

Success

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

Nothing

"You only need to make one big score in finance to be a hero forever."

Finance

"Another is, if you take money out of your left pocket and put it in your right pocket, you're no richer."

Money

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

Finance

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

Economy

"But in practice, if often comes down to not suffering a loss as big as the huge gain you made a while ago."

Gain

"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."

Economy

"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

"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."

Luck