I can't speak for them, of course, but I believe that most economists would accept the view that, while you sometimes can make a score by sheer luck, you can't do it constantly, unless you're willing to put the resources in. Merton Miller More Quotes by Merton Miller More Quotes From Merton Miller 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 problems economic financial research Another is, if you take money out of your left pocket and put it in your right pocket, you're no richer. Merton Miller right your you money What happened after publication of our paper was that, for the next 40 years, people said, all right, we now know the answer to the capital structure question under ideal conditions. Merton Miller answer know said people Of course. I favor passive investing for most investors, because markets are amazingly successful devices for incorporating information into stock prices. Merton Miller favor because information successful
