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

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.

Corporate partners help UNICEF fund our programmes for children, advocate with us on their behalf, or facilitate our work through logistical, technical, research or supply support.

If we can just take a few companies, and use those as models, as examples, to show the rest of corporate America how they can become more competitive, that's what I'd like to do and that's what I hope to do.

I don't see it in terms of changing things, but rather using language and music as weapons for fighting a mainstream media which is predominately right wing, and loyal to the political framework and its corporate interests.

The cultivation of sensibility on purely personal lines may, in fact, be the very worst training for a world where only the corporate and the cooperative will matter.

I think most corporate executives are good honorable honest men and women who do good work.

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

Pulling the plug on the BlackBerry could cost corporate America millions of dollars. The BlackBerry is more than e-mail but a handheld office, and if you shut down the BlackBerry, you shut off the data that powers American business.

First, his job approval ratings have been trending down for many months, a trend that has accelerated in recent weeks as the war on terrorism has been supplanted in the public's mind by corporate scandals, stock market declines, and a growing sense of economic insecurity.

The number of great museums and nonprofits versus the number of corporate headquarters is incredibly out of whack.

This is a struggle for the soul of the Democratic Party, which in too many cases has become so corporate and identified with corporate interests that you can't tell the difference between Democrats and Republicans.

Yes, we have the freedom to do what we please, but it only works because we don't do everything we might please - we should exercise some degree of personal, and corporate, responsibility.

Pixar is going in the direction of the early Disney. And it's also corporate, where they have four or five projects in the works. I don't want to get into that subject.

We have in this country a federal government that increasingly is engaged in trying to determine which business, which regions, which industries will succeed, which will not through a whole range of economic development, regional development corporate subsidization programs.

Welfare distorts behavior, makes one less personally responsible and reduces the role of private charity. This principle applies to corporate welfare.

When we give a subsidy, the benefits to the public ought to exceed the benefits to the company. When it doesn't, that's our definition of corporate welfare.

The corporate outings were fun, but after doing them for 25 years, they got to be a little old hat.

Even now it is no longer composed of the traditional political class, but of a composite layer of corporate leaders, high-level administrators, and the heads of the major professional, labor, political, and religious organisations.

The most meaningful engine of change, powerful enough to confront corporate power, may be not so much environmental quality, as the economic development and growth associated with the effort to improve it.

Also, the commercial media in a superior position, really, to any other corporate lobby, because where would people hear about commercial media or corporate media criticism, where would they hear criticism of them other than in the commercial media?

The trouble, in my opinion, with corporate America today, is that everything is thought of in quarters.

I felt devalued and disrespected. The energy behind it felt disingenuous and motivated by corporate profit.

America's corporate and political elites now form a regime of their own and they're privatizing democracy. All the benefits - the tax cuts, policies and rewards flow in one direction: up.

Any corporate policy and plan which is typical of the industry is doomed to mediocrity. Where this is not so, it should be possible to demonstrate that all other competitors are at a distinct disadvantage.

Whereas money is a means to an end for a filmmaker, to the corporate mind money is the end. Right now, I think independent film is very confused, because there's excess pressure in the marketplace for entertainment to pay off.

I don't understand why people whose entire lives or their corporate success depends on communication, and yet they are led on occasion by CEOs who cannot talk their way out of a paper bag and don't care to.

The corporate lobby in Washington is basically designed to stifle all legislative activity on behalf of consumers.

And sometimes I actually start to think human life is just as cheap to corporate America as animal life, so long as there are big profits to be made.

What is new is that environmentalism intensely illuminates the need to confront the corporate domain at its most powerful and guarded point - the exclusive right to govern the systems of production.