北极的拉里、莫和科利在加拿大努勒维特·伊格·卢利克附近的浮冰上休息。

An Arctic Larry, Moe, and Curly lounge on an ice floe near Igloolik, Nunavut, Canada.

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“以前，我们不太看好这支股，因为公司将太多的资金投入到开办新的连锁店，” 摩根斯丹利投资银行的零售分析家格雷葛利•莫利奇（Gregory Melich）这样说。

“We used to be quite negative on the stock, because the company threw too much money at new stores, ” says Gregory Melich, a retail analyst at Morgan Stanley, an investment bank.

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伍德放映的第一张幻灯片是奥德丽·赫本，大约在1952年，‘罗马假日’公映的那一年，他解释到，阿申利一家到意大利度假，看到了迪莫达公司的一款20英寸的丝巾，阿申利一家决定仿制这种款式。

Wood’s first slide was of Audrey Hepburn, circa “Roman Holiday.” In 1952, he explained, the Ashleys had gone on vacation to Italy, where twenty-inch neck scarves were di moda.

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So this book, Fabozzi, et al.-- Fabozzi, Modigliani, Jones and Ferri-- is a very solid book about financial markets.

所以这本由法博齐等人,包括法博齐,莫迪利亚尼,琼斯以及费里,这是一本关于金融市场的非常完备的书

耶鲁公开课 - 金融市场课程节选

Modigliani and Miller wrote a famous article arguing that-- what I just said--I just tried to say it in very intuitive terms.

莫迪利阿尼和米勒有一篇非常著名的文章是讲...,刚提过的,我想用直观的词汇来描述

耶鲁公开课 - 金融市场课程节选

So, that's the basic insight in Modigliani and Miller, that share repurchase and dividend are really interchangeable; it's just all a conceptual difference.

这即是莫迪利阿尼和米勒命题的内涵,股票回购和分红彼此是可替代的,只是概念上有所不同

耶鲁公开课 - 金融市场课程节选