“ My expertise was in public finance, particularly corporate taxation, since I had worked at the US Treasury. Merton Miller
“ To beat the market you'll have to invest serious bucks to dig up information no one else has yet. Merton Miller
“ Another is, if you take money out of your left pocket and put it in your right pocket, you're no richer. 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 couldn't see any. Merton Miller
