“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.

Adopted from Wikiquote. Last update June 3, 2021. History

Help us to complete the source, original and additional information

Do you have more details about the quote "Most people might just as well buy a share of the whole market, which pools all the information, than delude themselves…" by Merton Miller?
Merton Miller photo
Merton Miller 5
American economist 1923–2000

Related quotes

Phillip Blond photo
Daniel Bell photo

“No one can buy his share of "clean air" in the market; one has to use communal mechanisms in order to deal with pollution.”

Source: The Cultural Contradictions of Capitalism (1976), Chapter 5, Unstable America, p. 196

Richard D. Wolff photo
C. Wright Mills photo
Eugene V. Debs photo
Benoît Mandelbrot photo
Adrian Slywotzky photo
Warren Buffett photo

“Our performance, relatively, is likely to be better in a bear market than in a bull market … in a year when the general market had a substantial advance, I would be well satisfied to match the advance of the averages.”

Warren Buffett (1930) American business magnate, investor, and philanthropist

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)

Michael Lewis photo

Related topics