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You only need to make one big score in finance to be a hero forever.
Merton Miller
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1 Comments
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What happened after publication of our paper was that, for the next 40 years, people said, all right, we now know the answer to the capital structure question under ideal conditions.
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My research interests since then have shifted strongly towards the economic and regulatory problems of the financial services industry, and especially of the securities and options exchanges.
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I was born in Boston, Massachusetts on May 16, 1923, the only child of Joel and Sylvia Miller.
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I should mention that I am a member of the board of directors of Dimensional Fund Advisors.
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