Merton Miller Quotes

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

  Merton Miller

  Bucks, Information, Serious

  48 Copiar cita

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

  Merton Miller

  Money, Saving Money, Advertising Agencies

  "Investment Gurus: A Road Map to Wealth from the World's Best Money Managers" by Peter J. Tanous, (p. 267), 1999.

  17 Copiar cita

• Diversification is your buddy.

  Merton Miller

  Investing, Diversification, Buddy

  8 Copiar cita

• Everybody has some information. The function of the markets is to aggregate that information, evaluate it and get it incorporated into prices.

  Merton Miller

  Investing, Information, Function

  8 Copiar cita

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

  Merton Miller

  Hero, Forever, Needs

  11 Copiar cita

• If there's 10,000 people looking at the stocks and trying to pick winners, one in 10,000 is going to score, by chance alone, a great coup, and that's all that's going on. It's a game, it's a chance operation, and people think they are doing something purposeful... but they're really not.

  Merton Miller

  Pensamiento, Juegos, Personas

  8 Copiar cita

• I favour passive investing for most investors, because markets are amazingly successful devices for incorporating information into stock prices.

  Merton Miller

  Successful, Investing, Information

  9 Copiar cita

• Algunos alumnos de mi clase de finanzas realizaron un trabajo empírico sobre las estructuras de capital para ver si podíamos encontrar algún patrón evidente en los datos, pero no pudimos ver ninguno.

  Merton Miller

  Data, Class, Patterns

  9 Copiar cita

• 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

  Thinking, People, Investing

  "Investment Gurus: A Road Map to Wealth from the World's Best Money Managers" by Peter J. Tanous, (p. 269), 1999.

  7 Copiar cita

• ... Cualquier gestor de fondos de pensiones que no tenga la inmensa mayoría de su cartera -y me refiero al 70% u 80%- en inversiones pasivas es culpable de prevaricación, no prevaricación u otro tipo de mala praxis.

  Merton Miller

  Mean, Majority, Investing

  7 Copiar cita

• Los bonos basura demuestran que la calificación Aaa no tiene nada de mágico.

  Merton Miller

  Ties, Junk, Rating

  8 Copiar cita

• 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

  Loss, Practice, Suffering

  7 Copiar cita

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

  Merton Miller

  Umpires, Arbitrage, Finance

  4 Copiar cita

• I should mention that I am a member of the board of directors of Dimensional Fund Advisors.

  Merton Miller

  Directors, Boards, Should

  60 Copiar cita

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

  Merton Miller

  Taxation, Finance, Treasury

  7 Copiar cita

• 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

  Writing, Decision, Massachusetts

  24 Copiar cita

• 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

  Ties, Numbers, Pieces

  7 Copiar cita

También te puede gustar:

Franco Modigliani

William Forsyth Sharpe

Harry Markowitz

Eugene Fama

Myron Scholes

George Stigler

Michael Jensen

Ronald Coase