33 Quotes by Merton Miller

My main interest, however, was in economics, not law.

Of course. I favor passive investing for most investors, because markets are amazingly successful devices for incorporating information into stock prices.

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.

Franco and I were both working on the problem, but from somewhat different perspectives - he from macroeconomics and me from corporate finance.

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.

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

When I started worrying about stocks, it was the late 1930s and early 1940s and it didn't seem like a good way to make money then, either.

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