My main interest, however, was in economics, not law. - "Merton Miller"

My main interest, however, was in economics, not law.
Merton Miller

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Of course. I favor passive investing for most investors, because markets are amazingly successful devices for incorporating information into stock prices.
- Merton Miller
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So everybody has some information. The function of the markets is to aggregate that information, evaluate it, and get it incorporated into prices.
- Merton Miller