Merton Miller

Merton Miller

was the co-author of the Modigliani-Miller theorem which proposed the irrelevance of debt-equity structure.
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.More Merton Miller quotes [07/27/2011 11:07:40]
I was born in Boston, Massachusetts on May 16, 1923, the only child of Joel and Sylvia Miller.More Merton Miller quotes [07/27/2011 11:07:17]
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.More Merton Miller quotes [07/27/2011 11:07:30]
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.More Merton Miller quotes [07/27/2011 11:07:20]
My main interest, however, was in economics, not law.More Merton Miller quotes [07/27/2011 11:07:16]

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