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

quote by Merton Miller
Submitted by Lucian Velea
Vote! | Copy!

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

quote by Merton Miller
Submitted by Lucian Velea
Vote! | Copy!

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

quote by Merton Miller
Submitted by Lucian Velea
Vote! | Copy!

You only need to make one big score in finance to be a hero forever.

quote by Merton Miller
Submitted by Lucian Velea
Vote! | Copy!

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

quote by Merton Miller
Submitted by Lucian Velea
Vote! | Copy!

I should mention that I am a member of the board of directors of Dimensional Fund Advisors.

quote by Merton Miller
Submitted by Lucian Velea
Vote! | Copy!

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

quote by Merton Miller
Submitted by Lucian Velea
Vote! | Copy!

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

quote by Merton Miller
Submitted by Lucian Velea
Vote! | Copy!

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

quote by Merton Miller
Submitted by Lucian Velea
Vote! | Copy!

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

quote by Merton Miller
Submitted by Lucian Velea
Vote! | Copy!