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
He said all this--this thing that I have up here-- well the previous slide, showing the dividend earnings ratio--it's just cultural; it means nothing because, to some extent, what's not shown in that diagram was the stock repurchase.
他是这么描述的,在这里,在上一张幻灯片中,展示了股利收益比,这跟文化相关,但却无意义,在某种意义上,在图表中没有展示出股票回购
Wow" is Dean's word. "Wow" is the kind of word that means nothing, but it suggests the immediacy of Dean's engagement.
哇是迪恩的话,哇这个词可以是没有意义的,但它表示了迪恩的直接参与。
So let me challenge you with this: inside of these curly braces where I have put a comment with slash slash -- a "comment" means nothing here gets compiled, it's just for the human to read.
让我用这个来挑战你们:,在这些花括号里面,我通过双斜杠写入了一个注释,-一条“注释“在这里不会被编译,它只是用来我们阅读的。
If nothing bad happens, it means what didn't happen is good.
没有消息就是好消息。
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