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
You only need to make one big score in finance to be a hero forever. – Merton Miller
My expertise was in public finance, particularly corporate taxation, since I had worked at the US Treasury. – Merton Miller
What counts is what you do with your money, not where it came from. – Merton Miller
Young people can get very discouraged and get hooked on drugs or on alcohol because of problems they perceive as insurmountable. It is important that they realize a mistake need not ruin their future, but they must also know that not everything in life is a bed of roses. – Maureen Forrester