You only need to make one big score in finance to be a hero forever. Merton Miller bigfinanceforever 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 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
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
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. Merton Miller buydeludeinformation Change image and share on social
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 aggregateevaluatefunction 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
As an economics undergraduate, I also worked on a part-time basis in Cambridge, Massachusetts, for a company that was advising customers about portfolio decisions, writing reports. Merton Miller advisebasiscambridge 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
