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Merton Miller
American
May 16, 1923
Economist
Arbitrage proof has since been widely used throughout finance and economics.
Merton Miller
Tags:
Finance
Been
Used
My expertise was in public finance, particularly corporate taxation, since I had worked at the US Treasury.
Merton Miller
Tags:
Finance
Had
Us
I was born in Boston, Massachusetts on May 16, 1923, the only child of Joel and Sylvia Miller.
Merton Miller
Tags:
Only
May
Child
To beat the market you'll have to invest serious bucks to dig up information no one else has yet.
Merton Miller
Tags:
You
Up
Else
Of course. I favor passive investing for most investors, because markets are amazingly successful devices for incorporating information into stock prices.
Merton Miller
Tags:
Because
Most
Course
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
Tags:
Work
Finance
Had
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
Tags:
You
Them
Would
