“In the real world of research, conventional tests of [statistical] significance seem almost worthless.” Quote by Fischer Black
“As an economics undergraduate, I also worked on a part-time basis in Cambridge, Massachusetts, for a company that was advising customers about portfolio decisions, writing reports.” WritingDecisionCompanyEconomicsBasesCustomersReportsMassachusettsPortfoliosCambridgePart TimeUndergraduate Author:Merton Miller
“But in practice, if often comes down to not suffering a loss as big as the huge gain you made a while ago.” IfsMadeBigsSufferingLossPracticeHugeGains Author:Merton Miller
“I should mention that I am a member of the board of directors of Dimensional Fund Advisors.” ShouldDirectorsMembersBoardsFundAdvisorsBoard Of Directors Author: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.” IfsClassStudentsStructurePatternsObviousFinanceData Author:Merton Miller
“I favour passive investing for most investors, because markets are amazingly successful devices for incorporating information into stock prices.” SuccessfulInformationInvestingDevicesInvestorsPassiveFavourIncorporatingStock Price Author:Merton Miller
“If there's 10,000 people looking at the stocks and trying to pick winners, one in 10,000 is going to score, by chance alone, a great coup, and that's all that's going on. It's a game, it's a chance operation, and people think they are doing something purposeful... but they're really not.” PeopleIfsThinkingTryingGamesChancePicksWinnerOperationsScoreCoups Author:Merton Miller
“Is it important that the rent of land be retained as a source of government revenue. Some persons who could make excellent use of land would be unable to raise money for the purchase price. Collecting rent annually provides access to land for persons with limited access to credit.” PersonsImportantUseGovernmentWould BeLandSourceRaisesCreditAccessExcellentRevenueCollecting Author:Franco Modigliani
“This was Mahatma Gandhi’s idea, moving from ownership to relationship—seeing that land does not belong to us. We belong to the land. We are not the owners of the land. We are the friends of the land, like friends of the earth. The fundamental shift is in this consciousness that land does not belong to us, we belong to the land.” DoeIdeasEarthMovingConsciousnessSeeingLandFundamentalsOwnersOwnership Author:Satish Kumar
“Maybe the bike is more dangerous, but the passion for the car for me is second to the bike.” PassionDangerousCarBike Author:Valentino Rossi
“Fortunately during my career I have won more or less everything, so I need to enjoy it to have the right motivation.” NeedsMotivationEnjoyCareers Author:Valentino Rossi