"Arbitrage proof has since been widely used throughout finance and economics."
"It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning."Merton Miller on Henry Ford
"Your net worth to the world is usually determined by what remains after your bad habits are subtracted from your good ones."Merton Miller on Benjamin Franklin
"It is a kind of spiritual snobbery that makes people think they can be happy without money."Merton Miller on Albert Camus
"Part of your heritage in this society is the opportunity to become financially independent."Merton Miller on Jim Rohn
"Don't gamble take all your savings and buy some good stock and hold it till it goes up, then sell it. If it don't go up, don't buy it."Merton Miller on Will Rogers
"To beat the market you'll have to invest serious bucks to dig up information no one else has yet."
"You only need to make one big score in finance to be a hero forever."
"My expertise was in public finance, particularly corporate taxation, since I had worked at the US Treasury."
"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."
"What counts is what you do with your money, not where it came from."
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