You only need to make one big score in finance to be a hero forever.
More Quotes from Merton Miller:
I can't speak for them, of course, but I believe that most economists would accept the view that, while you sometimes can make a score by sheer luck, you can't do it constantly, unless you're willing to put the resources in.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.
Merton Miller
Everyone recognizes that's a joke because obviously the number and shape of the pieces doesn't affect the size of the pizza. And similarly, the stocks, bonds, warrants, etc., issued don't affect the aggregate value of the firm.
Merton Miller
My expertise was in public finance, particularly corporate taxation, since I had worked at the US Treasury.
Merton Miller
Junk bonds prove there's nothing magical in a Aaa bond rating.
Merton Miller
What happened after publication of our paper was that, for the next 40 years, people said, all right, we now know the answer to the capital structure question under ideal conditions.
Merton Miller
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Based on Topics: Finance Quotes, Heroism QuotesAlthough a skillful flatterer is a most delightful companion if you have him all to yourself, his taste becomes very doubtful when he takes to complimenting other people.
Charles Dickens
Forewarned, forearmed; to be prepared is half the victory.
Miguel de Cervantes
But no, I don't generally have trouble with spelling mistakes.
Bill Joy