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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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Akiroq Brost

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

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Personal Development

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Akiroq Brost

"Everyone in a complex system has a slightly different interpretation. The more interpretations we gather, the easier it becomes to gain a sense of the whole."

Author Name

Personal Development

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Akiroq Brost

"A mutual arrangement, I repeat, is the only satisfactory medium whereby the present system can be carried on with any degree of satisfaction, and in such an arrangement the employers have more to gain than the workers."

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Personal Development

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Akiroq Brost

"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."

Author Name

Personal Development

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Akiroq Brost

"Sometimes the best gain is to lose."

Author Name

Personal Development

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Akiroq Brost

"Since he is of no use anymore, there is no gain if he lives and no loss if he dies."

Author Name

Personal Development

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Akiroq Brost

"Every few seconds it changes - up an eighth, down an eighth -it's like playing a slot machine. I lose $20 million, I gain $20 million."

Author Name

Personal Development

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Akiroq Brost

"I've never had to turn my hand to anything for monetary gain, other than pretending to be somebody else. I'm deeply fortunate."

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Personal Development

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Akiroq Brost

"You must lose everything in order to gain anything."

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Personal Development

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Akiroq Brost

"To gain what is worth having, it may be necessary to lose everything else."

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Personal Development

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

Nothing

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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
"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
"Most people might just as well buy a share of the whole market, which pools all the information, than delude themselves into thinking they know something the market doesn't."

People

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

Boston

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

Finance

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