Franco and I were both working on the problem, but from somewhat different perspectives - he from macroeconomics and me from corporate finance.
More Quotes from Merton Miller:
Another is, if you take money out of your left pocket and put it in your right pocket, you're no richer.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
I should mention that I am a member of the board of directors of Dimensional Fund Advisors.
Merton Miller
What counts is what you do with your money, not where it came from.
Merton Miller
I was born in Boston, Massachusetts on May 16, 1923, the only child of Joel and Sylvia Miller.
Merton Miller
Arbitrage proof has since been widely used throughout finance and economics.
Merton Miller
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