What counts is what you do with your money, not where it came from. – Merton Miller
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
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
There are two big forces at work, external and internal. We have very little control over external forces such as tornadoes, earthquakes, floods, disasters, illness and pain. What really matters is the internal force. How do I respond to those disasters? Over that I have complete control. – Leo Buscaglia