What counts is what you do with your money, not where it came from.
Author
Merton Miller
6 quotations
About Merton Miller
Merton Howard Miller was an American economist, and the co-author of the Modigliani–Miller theorem (1958), which proposed the irrelevance of debt-equity structure. He shared the Nobel Memorial Prize in Economic Sciences in 1990, along with Harry Markowitz and William F. Sharpe. Miller spent most of his academic career at the University of Chicago's Booth School of Business.
Read on Wikipedia → Find books by Merton MillerArbitrage proof has since been widely used throughout finance and economics.
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 couldn't see any.
My expertise was in public finance, particularly corporate taxation, since I had worked at the US Treasury.
You only need to make one big score in finance to be a hero forever.
To beat the market you'll have to invest serious bucks to dig up information no one else has yet.