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 couldnt see any. – Merton Miller
To beat the market youll have to invest serious bucks to dig up information no one else has yet. – Merton Miller
Arbitrage proof has since been widely used throughout finance and economics. – Merton Miller
My expertise was in public finance, particularly corporate taxation, since I had worked at the US Treasury. – Merton Miller
The more anxious, isolated and time-deprived we are, the more likely we are to turn to paid personal services. To finance these extra services, we work longer hours. This leaves less time to spend with family, friends and neighbors we become less likely to call on them for help, and they on us. – Arlie Russell Hochschild