Quotes & anectdotes from
the wise,
the foolish,
the courageous &
the drunk

Merton Miller Economist

  • Gender: Male
  • Citizenship: United States
  • Born: May 16, 1923
  • Died: Jun 3, 2000

Merton Howard Miller was an American economist, and the co-author of the Modigliani–Miller theorem, which proposed the irrelevance of debt-equity structure. He shared the Nobel Memorial Prize in Economic Sciences in 1990, along with Harry Markowitz and William Sharpe. Miller spent most of his academic career at the University of Chicago's Booth School of Business.

You only need to make one big score in finance to be a hero forever.

To beat the market you'll have to invest serious bucks to dig up information no one else has yet.

Arbitrage proof has since been widely used throughout finance and economics.

My expertise was in public finance, particularly corporate taxation, since I had worked at the US Treasury.

What counts is what you do with your money, not where it came from.