"Junk bonds prove there's nothing magical in a Aaa bond rating"
- Merton Miller
About this Quote
This quote by Merton Miller is referring to the fact that a bond score of Aaa does not ensure that the bond is a safe investment. A bond ranking of Aaa is the highest ranking a bond can receive, and is generally related to a low risk of default. Nevertheless, Miller is recommending that even bonds with an Aaa rating can be risky investments, and that investors ought to not rely entirely on the ranking when making choices. He is indicating that scrap bonds, which are bonds with a lower score, can still be profitable financial investments. Miller is highlighting that there is no guarantee of success when buying bonds, and that investors need to do their own research and due diligence prior to investing.
This quote is written / told by Merton Miller between May 16, 1923 and June 3, 2000. He/she was a famous Economist from USA.
The author also have 19 other quotes.
"I have always been delighted at the prospect of a new day, a fresh try, one more start, with perhaps a bit of magic waiting somewhere behind the morning"
"The skills that we have are the actual magic skills - not the performing skills. We have to separate those. But the actual skills that make the tricks work, we don't get to use again"
"I always wanted to go to the Chavez school but I could never afford it when I was growing up so a lot of my learning came from magic books and watching other magicians. I was also very lucky that I had a couple of really good magic teachers"
"Reviewers said Ghost Country was rich, astonishing and affecting in the way it blended comedy, magic, and a gritty urban realism in a breathtaking ride along Chicago's mean streets"
"The first fall of snow is not only an event, it is a magical event. You go to bed in one kind of a world and wake up in another quite different, and if this is not enchantment then where is it to be found?"
"The Polar Express is about faith, and the power of imagination to sustain faith. It's also about the desire to reside in a world where magic can happen, the kind of world we all believed in as children, but one that disappears as we grow older"
