top of page
Quote_1.png
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."

Standard 
 Customized
"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."

Exlpore more People quotes

Quote_1.png
Asa Don Brown

"It is not true that people are naturally equal for no two people can be together for even a half an hour without one acquiring an evident superiority over the other."

Quote_1.png
Asa Don Brown

"Do you genuinely love people? Or at least make an effort to like them? Your first impressions will be made easier and more successful when you start with your heart."

Quote_1.png
Asa Don Brown

"People will not remember what you did for living,they will remember how you touched them with kindness and loving."

Quote_1.png
Asa Don Brown

"He makes people pleased with him by making them first pleased with themselves."

Quote_1.png
Asa Don Brown

"People are always good company when they are doing what they really enjoy."

Quote_1.png
Asa Don Brown

"No good opera plot can be sensible, for people do not sing when they are feeling sensible."

Quote_1.png
Asa Don Brown

"With most people disbelief in a thing is founded on a blind belief in some other thing."

Quote_1.png
Asa Don Brown

"There are three categories of people exist in the world; "the wanters", "the wishers" and "the makers."

Quote_1.png
Asa Don Brown

"Prune - prune businesses, products, activities, people. Do it annually."

Quote_1.png
Asa Don Brown

"Some people bear three kinds of trouble - the ones they've had, the ones they have, and the ones they expect to have."

Explore more quotes by Merton Miller

Quote_1.png
Merton Miller
"So everybody has some information. The function of the markets is to aggregate that information, evaluate it, and get it incorporated into prices."
Quote_1.png
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."
Quote_1.png
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."
Quote_1.png
Merton Miller
"Arbitrage proof has since been widely used throughout finance and economics."
Quote_1.png
Merton Miller
"I was born in Boston, Massachusetts on May 16, 1923, the only child of Joel and Sylvia Miller."
Quote_1.png
Merton Miller
"You only need to make one big score in finance to be a hero forever."
Quote_1.png
Merton Miller
"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."
Quote_1.png
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."
Quote_1.png
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."
Quote_1.png
Merton Miller
"Of course. I favor passive investing for most investors, because markets are amazingly successful devices for incorporating information into stock prices."
bottom of page