My expertise was in public finance, particularly corporate taxation, since I had worked at the US Treasury.
More Quotes from Merton Miller:So everybody has some information. The function of the markets is to aggregate that information, evaluate it, and get it incorporated into prices.
You only need to make one big score in finance to be a hero forever.
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.
Franco and I were both working on the problem, but from somewhat different perspectives - he from macroeconomics and me from corporate finance.
I was born in Boston, Massachusetts on May 16, 1923, the only child of Joel and Sylvia 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.
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Based on Keywords: treasury
I think Ingmar Bergman, Francoise Truffaut - all these people created images in my mind, beautiful pictures, I loved what was known at that time as the foreign film.
It doesn't matter if I don't succeed in something, what matters is that I learn from my mistakes.
If I were a Palestinian of the right age, I'd eventually join one of the terrorist organizations.