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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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Akshay Vasu

"The treasure of a lifetime lies in the sacredness of the heart."

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Personal Development

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Akshay Vasu

"Your mind is a gift. Your heart is a prize. Your soul is a blessing. Your life is a reward."

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Personal Development

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Akshay Vasu

"A rough diamond is still worth more than a polished pebble."

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Personal Development

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Akshay Vasu

"To function in the original intention is to adhere to spiritual principles."

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Personal Development

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Akshay Vasu

"Life is defined by time. Time defined moments. Time is priceless gift."

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Personal Development

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Akshay Vasu

"It's no good to give money to anybody who thinks money as the root of all evil."

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Personal Development

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Akshay Vasu

"In so far as we cherish the tangibles, we must value the intangibles. The intangibles, though as latent as they may seem to be, they are solemnly tangible."

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Personal Development

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Akshay Vasu

"Do not love money more than yourself."

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Personal Development

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Akshay Vasu

"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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Personal Development

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Akshay Vasu

"The amount of time spent on a product will determine its value."

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Personal Development

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Merton Miller
"To beat the market you'll have to invest serious bucks to dig up information no one else has yet."

Information

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

Economy

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

Gain

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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
"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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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."

Economy

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

Finance

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

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

Money

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