I favour passive investing for most investors, because markets are amazingly successful — Merton Miller
Another is, if you take money out of your left pocket and put it in your right pocket, you’re no richer. — Merton Miller
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
Everyone recognizes that’s a joke because obviously the number and shape of the pieces doesn’t affect the size of the pizza. — Merton Miller
I can’t speak for them, of course, but I believe that most economists would accept the view that — Merton Miller
I had some of the students in my finance class actually do some empirical work on capital structures — Merton Miller
I should mention that I am a member of the board of directors of dimensional fund advisors. — Merton Miller
I was born in boston, massachusetts on may 16, 1923, the only child of joel and sylvia miller. — Merton Miller
My expertise was in public finance, particularly corporate taxation, since I had worked at the us treasury. — Merton Miller