U.S. is not the most successful stock market although it's high on the list.

美国在股票市场上并不是最成功的,但它是成功国家之一

耶鲁公开课 - 金融市场课程节选

The simplest way to see Modigliani-Miller debt irrelevance is the following: a company--if you wanted to buy a company, you could buy only the shares, or equity.

理解MM负债不相关性的,最简单的方法是这样的,一家公司,如果你想买下一家公司,你可以通过股票,普通股来买

耶鲁公开课 - 金融市场课程节选