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

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Modigliani and Miller said, we don't care what you do, do whatever you want--it doesn't matter.

莫迪利阿尼和米勒说,怎么做都没关系,想借多少借多少,没有关系

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What Modigliani and Miller said, if it's pure dividend policy, then it is totally irrelevant; it means nothing, so companies can do whatever they please-- I don't care.

莫迪利阿尼和米勒的观点是,如果是单纯的股利政策,则与之完全不相关,它没有意义,所以公司可以任意施为,我不在乎

耶鲁公开课 - 金融市场课程节选

When Modigliani--this sounds like a very strong proposition about dividend irrelevance.

当莫迪利阿尼...他对股利无关性的表述,听起来有些绝对

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