The central idea of the Modigliani-Miller theorem is that under certain conditions, the value of a firm is unaffected by how that firm is financed.
莫迪利亚尼-米勒定理的核心思想是,在某些条件下,公司的价值不受其融资方式的影响。
The quality of an organization's planning determines the quality of its execution.
The preservation of the means of knowledge among the lowest ranks is of more importance to the public than all the property of all the rich men in the country.