“Most people might just as well buy a share of the whole market, which pools all the information, than delude themselves into thinking they know something the market doesn't.”
Source: Investment Gurus: A Road Map to Wealth from the World's Best Money Managers. 1999, p. 269.
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Merton Miller 5
American economist 1923–2000Related quotes

On why hasn’t inflation increased dramatically in the U.S despite the Federal Reserve kept interest rates low.
We Need a More Humane Economic System—Not One That Only Benefits the Rich (December 26, 2018)

The Socialist Party and the Working Class (1904)
Source: "Configurations of marketing and sales: a taxonomy", 2008, p. 133; Abstract

New Scientist interview (2004)

Second annual letter to Limited Partners (1957) http://www.safalniveshak.com/wp-content/uploads/2013/12/Warren-Buffett-Berkshire-Letters-1957-2012.pdf
Letters to Shareholders (1957 - 2012)