“请不要嘲笑我,”利迪娅说。
“你觉得小狗拖累你吗?”利迪娅问。
“谢谢,”利迪娅答道。
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
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
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
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