I was born in Boston, Massachusetts on May 16, 1923, the only child of Joel and Sylvia Miller.

My expertise was in public finance, particularly corporate taxation, since I had worked at the US Treasury.

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.

Junk bonds prove there's nothing magical in a Aaa bond rating.

Everyone recognizes that's a joke because obviously the number and shape of the pieces doesn't affect the size of the pizza. And similarly, the stocks, bonds, warrants, etc., issued don't affect the aggregate value of the firm.

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.

But in practice, if often comes down to not suffering a loss as big as the huge gain you made a while ago.

So everybody has some information. The function of the markets is to aggregate that information, evaluate it, and get it incorporated into prices.

I should mention that I am a member of the board of directors of Dimensional Fund Advisors.

What counts is what you do with your money, not where it came from.

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

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.

Another is, if you take money out of your left pocket and put it in your right pocket, you're no richer.

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.

I can't speak for them, of course, but I believe that most economists would accept the view that, while you sometimes can make a score by sheer luck, you can't do it constantly, unless you're willing to put the resources in.

To beat the market you'll have to invest serious bucks to dig up information no one else has yet.

I was born in Boston, Massachusetts on May 16, 1923, the only child of Joel and Sylvia Miller.

Arbitrage proof has since been widely used throughout finance and economics.

You only need to make one big score in finance to be a hero forever.

Of course. I favor passive investing for most investors, because markets are amazingly successful devices for incorporating information into stock prices.

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.

There was a time when I was wondering about this business of going public, so I visited about a half-dozen companies in the Boston area, all of them formed by MIT faculty and all had gone public.

Was the crew well? Was I not? I had profited in many ways by the voyage. I had even gained flesh, and actually weighed a pound more than when I sailed from Boston.

Our situation here, without any exaggeration, is beyond description almost; it is such as eye has not seen nor ear heard, nor hath it ever entered into the heart of men to conceive Boston ever to arrive at.

A very considerable body of the German people live in America and propose to fight that Government. Bourke in his great speech last week welcoming the Belgian mission to Boston worked out the President's meaning with care.

At a Boston signing, someone from the audience asked why I was so obsessed with furniture in my books. The question rattled around in my head. I had no idea that I was obsessed with furniture.

My father was the orphaned son of immigrants to the United States from Ireland. My father never knew his parents. His mother died - we're not sure - either at or shortly after his birth, and he and all of his siblings were placed in orphanages in the Boston area.

Boston is the engine of the state's economy.

And it was from Boston that one in every six American families began their journey into the land of the free.

I don't believe a manager ever won a pennant. Casey Stengel won all those pennants with the Yankees. How many did he win with the Boston Braves and Mets?

There isn't much discussion of ruling class in America even in Boston, probably one of the most class-conscious cities in the country?

In my freshman year in high school, I went to the only public high school in Boston with a theatre program.

The word survivor suggests someone who has emerged alive from a plane crash or a natural disaster. But the word can also refer to the loved ones of murder victims, and this was the sense in which it was used at a four-day conference in early June at Boston College.

Probably the biggest thing that surprises people is that I am obsessed with hockey. I grew up in the Boston area so I am obsessed with hockey since I was a little kid.

When I go abroad I always sail from Boston because it is such a pleasant place to get away from.

I'd rather entrust the government of the United States to the first 400 people listed in the Boston telephone directory than to the faculty of Harvard University.

Here's what I see all across this great city - people working together to make Boston a better place to live and to raise children, to grow and pursue dreams.

Paul Farmer has helped to build amazing health care system in one of the poorest areas of Haiti. He founded Partners in Health, which serves the destitute and the sick in many parts of the world from Haiti to Boston and from Russia to Peru.

I recently did a piece for the Boston Pops and John Williams, and I hope that it's as well a composed piece as I've ever done for any other medium or occasion.

If you're writing a piece for the Boston Pops, the balance is towards one end. If you're writing a piece for a chamber music society, then it's towards another point. I won't make a final answer on that. I think it changes with every piece.

Let's use the energy of this historic year to propel us toward our shared vision of a greater Boston.

I got private lessons in keyboard at Julliard, before New England Conservatory of Music in Boston.

And that's the mistake that was made with Steel Pier. Roger was caught between a rock and hard place. It would have cost a couple of million dollars more to take it to Boston or someplace first. So we opened about a month too early.

A Boston man is the east wind made flesh.

Boston is an oasis in the desert, a place where the larger proportion of people are loving, rational and happy.

They played Boston. They played at the Boston Tea Party and through an amazing chain of events I got to hang out with them backstage even though I was underage.

Currently, Boston has only nine percent of the state's population - but we provide more than 16 percent of the jobs and 19 percent of the state's revenues.

I brought together experts from health care, business, academic institutions, and the community to develop a comprehensive blueprint for eliminating racial and ethnic disparities in health care in the City of Boston.

Boston is safe. And we're going to keep it safe.