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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."

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

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Asa Don Brown

"I certainly believe that we gain through open trade and liberalisation."

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Personal Development

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Asa Don Brown

"Most economic fallacies derive from the tendency to assume that there is a fixed pie, that one party can gain only at the expense of another."

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Personal Development

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Asa Don Brown

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

Author Name

Personal Development

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Asa Don Brown

"Sometimes the best gain is to lose."

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Personal Development

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Asa Don Brown

"I had to gain weight until I looked like a seal so I could compete with the real whores who played the other roles. I was fat as a barrel."

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Personal Development

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Asa Don Brown

"If you make listening and observation your occupation you will gain much more than you can by talk."

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Personal Development

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Asa Don Brown

"I don't think I gain anything by seeing myself."

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Personal Development

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Asa Don Brown

"Redistricting is a deeply political process, with incumbents actively seeking to minimize the risk to themselves (via bipartisan gerrymanders) or to gain additional seats for their party (via partisan gerrymanders)."

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Personal Development

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Asa Don Brown

"One of the greatest victories you can gain over someone is to beat him at politeness."

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Personal Development

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Asa Don Brown

"I worked hard. I worked late. I went in early. I did everything I could to gain an advantage."

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Personal Development

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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."

Economy

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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
"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
"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

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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
"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
"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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Merton Miller
"What counts is what you do with your money, not where it came from."

Money

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