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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."

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

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Donna Grant

"When disinformation is running rampant, there are two ignorances that may emerge: the one is actually positive, a sort of pure and intentional emptying of the mind; but the other is of course negative and clogged and polluted."

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Donna Grant

"A poem is true if it hangs together. Information points to something else. A poem points to nothing but itself."

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Donna Grant

"How easy it is for so many of us today to be undoubtedly full of information yet fully deprived of accurate information."

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Donna Grant

"But the newest research is showing that many properties of the brain are genetically organized, and don't depend on information coming in from the senses."

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Donna Grant

"It is a very sad thing that nowadays there is so little useless information."

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Donna Grant

"If you combat an international phenomenon, it is indispensable to share information internationally."

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Donna Grant

"It would be ideal if we could have an uncontrolled flow of information. But we realized you can't do that."

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Donna Grant

"Not as much as I used to, but I use the Internet for everything. I use it for information. Like if I'm planning a trip or something, I'll check out the place I'm going to."

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Donna Grant

"Best I can do for them is to give them every piece of information I can find and let them make the judgments. That's just my basic view of my function as a journalist."

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Donna Grant

"You don't get to cut that chain of evidence and start over. You're always going to be pursued by your data shadow, which is forming from thousands and thousands of little leaks and tributaries of information."

Explore more quotes by Merton Miller

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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."
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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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Merton Miller
"You only need to make one big score in finance to be a hero forever."
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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."
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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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Merton Miller
"Arbitrage proof has since been widely used throughout finance and economics."
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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."
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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."
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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."
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Merton Miller
"My main interest, however, was in economics, not law."
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