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Merton Miller

economist, writer

1923  – 2000

Merton Howard Miller was an American economist, and the co-author of the Modigliani–Miller theorem (1958), which proposed the irrelevance of debt-equity structure. He shared the Nobel Memorial Prize in Economic Sciences in 1990, along with Harry Markowitz and William F. Sharpe. Miller spent most of his academic career at the University of Chicago's Booth School of Business.

All Quotes by Merton Miller

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

Merton Miller

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

Merton Miller

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

Merton Miller

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

Merton Miller

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.

Merton Miller

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

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.

Merton Miller