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He was suffering from the loss of an illusion.

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Merton Miller

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.

Aggregate, Numbers, Pieces, Stocks, Ties
Same Author Quotes

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

Bucks, Information, Invest, Market, Serious

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

Advertising Agencies, Came, Counts, Money, Saving Money

If there's 10,000 people looking at the stocks and trying to pick winners, one in 10,000 is going to score, by chance alone, a great coup, and that's all that's going on. It's a game, it's a chance operation, and people think they are doing something purposeful. . . but they're really not.

10000, Games, Operation, People, Purposeful, Thinking

Diversification is your buddy.

Buddy, Diversification, Investing

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

Finance, Forever, Hero, Needs, Score
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