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"Junk bonds prove there's nothing magical in a Aaa bond rating."
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"Nothing is so firmly believed as what we least know."

"Human beings are so made that the ones who do the crushing feel nothing; it is the person crushed who feels what is happening. Unless one has placed oneself on the side of the oppressed, to feel with them, one cannot understand."

"All that we know is nothing, we are merely crammed wastepaper baskets, unless we are in touch with that which laughs at all our knowing."

"Nothing very very good and nothing very very bad ever lasts for very very long."

"There is nothing more thrilling in this world, I think, than having a child that is yours, and yet is mysteriously a stranger."
Explore more quotes by 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."

"So everybody has some information. The function of the markets is to aggregate that information, evaluate it, and get it incorporated into prices."

"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."

"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."

"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."

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

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