Merton Miller: Quotes about money

Merton Miller was American economist. Explore interesting quotes on money.
Merton Miller: 10   quotes 0   likes

“What counts is what you do with your money, not where it came from.”

Merton Miller

Investment Gurus: A Road Map to Wealth from the World's Best Money Managers. 1999

Money

“What is the "cost of capital" to a, firm in a world in which funds are used to acquire assets whose yields are uncertain; and in which capital can be obtained by many different media, ranging from pure debt instruments, representing money-fixed claims, to pure equity issues, giving holders only the right to a pro-rata share in the uncertain venture? This question has vexed at least three classes of economists: (1) the corporation finance specialist concerned with the techniques of financing firms so as to ensure their survival and growth; (2) the managerial economist concerned with capital budgeting; and (3) the economic theorist concerned with explaining investment behavior at both the micro and macro levels.”

Merton Miller

Franco Modigliani and Merton H. Miller. "The cost of capital, corporation finance and the theory of investment." The American economic review (1958): 261-297.

Money , World , Behavior , Question

“When I started worrying about stocks, it was the late 1930s and early 1940s and it didn't seem like a good way to make money then, either.”

Merton Miller

Source: Investment Gurus: A Road Map to Wealth from the World's Best Money Managers. 1999, p. 263

Money , Way