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.
More Quotes from Merton Miller:
For me, as an economist, it was frustrating to have no sense of a theory of corporate finance to tie all this material together.Merton Miller
Of course. I favor passive investing for most investors, because markets are amazingly successful devices for incorporating information into stock prices.
Merton Miller
I should mention that I am a member of the board of directors of Dimensional Fund Advisors.
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
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