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Merton Miller

My main interest, however, was in economics, not law.

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Junk bonds prove there's nothing magical in a Aaa bond rating.

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

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

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

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

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I was born in Boston, Massachusetts on May 16, 1923, the only child of Joel and Sylvia Miller.

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

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Another is, if you take money out of your left pocket and put it in your right pocket, you're no richer.

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But in practice, if often comes down to not suffering a loss as big as the huge gain you made a while ago.

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