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

耶鲁公开课 - 金融市场课程节选

Hobbes' members of a state of nature seem to be in a classic prisoner's dilemma problem.

霍布斯自然状态的命题,看起来像一个经典的囚徒困境。

耶鲁公开课 - 政治哲学导论课程节选

I think the simplest way to understand Modigliani-Miller proposition is the following: imagine that we, as a board, decided to pay a dividend of $5 a share.

理解莫迪利阿尼和米勒命题,最简单的方式是,假设我们构成了一个董事会,决定以每股5美元的比例发放股利

耶鲁公开课 - 金融市场课程节选

Well, that leaves the Greeks with something like this question.

这就给古希腊人留下了这样一个命题

耶鲁公开课 - 古希腊历史简介课程节选

I just doubled the indentation each time so you can see it. So each successive call, notice what's happening. The argument is getting reduced. And we're going another level in. When we get down to this point, we're calling it with just a string of length one.

因此每次成功调用注意它的过程,我们的命题不断简化，而且我们不断深入嵌套,当我们走到这一步的时候,我们就是在调用它处理，仅有一个元素的字符串了。

麻省理工公开课 - 计算机科学及编程导论课程节选

He's obsessed with grief over Enkidu, and he's obsessed with the whole issue of mortality. He begins a quest for immortality, and that takes up most of the rest of the epic.

他无法从Enkidu之死的悲痛中挣脱出来,他开始了对死亡这个命题的追寻，这部书余下的部分，都是关于这点的描写。

耶鲁公开课 - 旧约导论课程节选

It took decades for Modigliani-Miller to kind of sink in.

数十年后人们才理解了MM命题

耶鲁公开课 - 金融市场课程节选