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Arbitrage proof has since been widely used throughout finance and economics.
— Merton Miller
economist, writer
1923 – 2000
Arbitrage proof has since been widely used throughout finance and economics.
What counts is what you do with your money, not where it came from.
You only need to make one big score in finance to be a hero forever.
To beat the market you'll have to invest serious bucks to dig up information no one else has yet.
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.
What counts is what you do with your money, not where it came from.
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.
