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,在特定条件下,公司的价值不受其融资方式的影响。
It’s not whether you’re right or wrong that’s important, but how much money you make when you’re right and how much you lose when you’re wrong.
地理学首先是关于地方的科学,而非关于人的科学。
I have always been a very independent person, and I still am.