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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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"I was brought up to believe that the only thing worth doing was to add to the sum of accurate information in the world."

"When we hear news we should always wait for the sacrament of confirmation."

"I did not go to military school. I had an option either a military school or a private school. I don't know how to get that out of the information that's out there."

"If you exchange information internationally, you must strengthen data protection. Those are two sides of the same coin."

"On the Northern Ireland question, for instance, the British and Irish governments prohibit media contact with members of the IRA, but we have always gone ahead, believing in the right to information."

"Although Customs and Border Protection analyzes cargo and other information to target specific shipments for closer inspection, it still physically inspects only a small fraction of the containers under its purview."

"Despite the administration's long public information campaign, for many months polls have consistently indicated only 37 percent of those eligible for Medicare say they only partially understand the program."

"An objection is not a rejection; it is simply a request for more information."

"And it turned out that the Roberts Commission did not fully utilize the information available and that it came to conclusions which were I think quite short sighted and, indeed, in some cases, scapegoated individuals."

"Trade isn't about goods. Trade is about information. Goods sit in the warehouse until information moves them."
Explore more quotes by 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."


"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."


"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."


"Another is, if you take money out of your left pocket and put it in your right pocket, you're no richer."


"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."


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