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 capitalclassdatum Change image and share on social
You only need to make one big score in finance to be a hero forever. Merton Miller bigfinanceforever Change image and share on social
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 affectaggregatebond share on social
I was born in Boston, Massachusetts on May 16, 1923, the only child of Joel and Sylvia Miller. Merton Miller bearbostonchild Change image and share on social
My expertise was in public finance, particularly corporate taxation, since I had worked at the US Treasury. Merton Miller corporateexpertisefinance Change image and share on social
My main interest, however, was in economics, not law. Merton Miller economicsinterestlaw Change image and share on social
But in practice, if often comes down to not suffering a loss as big as the huge gain you made a while ago. Merton Miller agobiggain Change image and share on social
Arbitrage proof has since been widely used throughout finance and economics. Merton Miller arbitrageeconomicsfinance Change image and share on social
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 economicexchangefinancial Change image and share on social
To beat the market you'll have to invest serious bucks to dig up information no one else has yet. Merton Miller beatbuckdig Change image and share on social
