In 1958 professors Franco Modigliani and Merton Miller showed that this kind of thinking is wrong.
He was born in Fenton, Stoke-on-Trent in 1933 and studied at Merton College, Oxford.
It is thought regular guests such as Paul Merton will feature on the TV version.
But that flyer, Merton Miller hastened to add, was strictly recreational, not serious investing.
Mr Merton even argued that improved hedging techniques rendered equity capital unnecessary as a cushion against risk.
Properties in Wandsworth, Lambeth and Merton and Croydon were raided on Tuesday morning as part of Operation Target.
There are 103 plots at Barnett Wood Lane, a site owned by the council and Merton College, Oxford.
The plans will be on general display at Merton Council's offices in South West London until 27 February 2004.
Later in Merton and Wandsworth, the Tories hit back again when their candidate Elizabeth Howlett beat off the opposition.
In fact Mr Merton was tall, 6ft 1in, but not a giant, except in the minds of his awed students.
The other authorities taking part in the scheme are Bristol, Cheshire, Dorset, Lincolnshire, Merton, North Tyneside, North Yorkshire, Warwickshire and York.
Mr Merton noted that lots of people miss out on credit or other socially-approved prizes such as wealth, power and status.
Several of Mr Merton's students who later made important careers in sociology have written about his presence in the lecture room.
John Doyle, 54, of Merton Mill, Merton, denies murdering Sian Rees, 50.
Both Mr Merton and Mr Scholes adhered to the efficient-market hypothesis that the prices of financial assets always affect all available information.
One Nobel laureate, Merton Miller, has given his backing to an idea that first surfaced at Hong Kong's University of Science and Technology.
The 14km long River Wandle flows through south London, starting at Croydon it passes through Sutton and Merton before joining River Thames at Wandsworth.
BBC: NEWS | UK | England | London | Toxic spill in river kills fish
They then visited St Mark's Church of England Academy in Merton.
LTCM's other famous partners, Robert Merton and Myron Scholes, two economists whose work in the field of derivatives earned them a Nobel prize in 1997.
Catman is an Internet celebrity, as is Merton the improvising pianist.
The idea that credit does not align with discovery, he reveals at the very end of his essay, was in fact first put forth by Merton.
Under the plans by Merton Council, residents in Wimbledon must put rubbish sacks out between 05:00 and 06:00 or 17:00 and 18:00 or face a fine.
John Doyle, 54, of Merton Mill, Merton, denies murdering Sian Rees, his partner of 14 years, and told Exeter Crown Court her death was an accident.
Only two schools out of 55 are closed in the borough of Merton in south-west London, while 80% of schools in Enfield, north London, are closed.
Finally, take the scenic route along the back of Merton College, where Tolkien was a professor of English language and literature between 1945 and 1959 after leaving Pembroke.
It include parts of Barnet, Harrow, Hillingdon, Camden, Westminster, Kensington and Chelsea, Lambeth, Wandsworth, Merton, Kingston upon Thames, Sutton, Croydon, Southwark, City of London, Islington, and Haringey.
Fischer Black, co-originator of the options-pricing model for which Messrs Merton and Scholes were recognised, died a year too soon to join his collaborators on the podium.
It is likely that the vice-chair Richard Tracey, who retained his Assembly seat for Merton and Wandsworth, will take over until LFEPA holds its annual meeting in June.
Merton Miller and his colleague Franco Modigliani posited their capital structure irrelevance theorem in the late 1950s, when the dollar was as good as gold at least for foreign creditors.
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