"I should mention that I am a member of the board of directors of Dimensional Fund Advisors."
"Diversification is your buddy."
Source: Investment Gurus: A Road Map to Wealth from the World's Best Money Managers by Peter J. Tanous, (p. 267), 1999.
About the author
Merton Miller
Economist
Merton Miller was a renowned economist known for his pivotal contributions to financial theory, particularly in capital structure and risk management.
All quotes by Merton Miller →Same author
More quotes by Merton Miller
"To beat the market you'll have to invest serious bucks to dig up information no one else has yet."
"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."
"What counts is what you do with your money, not where it came from."
"You only need to make one big score in finance to be a hero forever."
"I favour passive investing for most investors, because markets are amazingly successful devices for incorporating information into stock prices."