Junk bonds prove there's nothing magical in a Aaa bond rating.
More Quotes from Merton Miller:
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.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
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.
Merton Miller
I was born in Boston, Massachusetts on May 16, 1923, the only child of Joel and Sylvia Miller.
Merton Miller
I had some of the students in my finance class actually do some empirical work on capital structures, to see if we could find any obvious patterns in the data, but we couldn't see any.
Merton Miller
What counts is what you do with your money, not where it came from.
Merton Miller
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Based on Keywords: aaa, junk, ratingMay be is very well, but Must is the master. It is my duty to show justice without recompense.
Lucius Annaeus Seneca
Knowledge is power, if you know it about the right person.
Ethel Watts Mumford
But there's nothing that gives me more thrill than when I'm writing and a couplet works. I find the right rhyme, or it's just perfect. There's nothing that exciting.
Rosanne Cash