Epstein Secrets

AN is born free but is everywhere in debt. In the rich world, getting hold of your first credit card is

ould be invested elsewhere rather than being frittered away on value- destroying acquisitions. Standard corporate finance theory, first expounded by Franco Modigliani and Merton Miller, states that whether a firm is financed by debt or equity should make no difference to its value; the cashflow is simply parcelled

rather than cleared through the board. Getty was rich in oil reserves per dollar of share price. It cou

ungibility and divisibility and other moneyness qualities could be addressed. Chapter 1: Recollections 1/06/16 21 HOUSE_OVERSIGHT_010937 Nobelist Franco Modigliani heard of this, and invited me to MIT for a presentation. He talked like Gepetto in Disney’s “Pinocchio”. There were a few other top brains, including

es old, and have been well thought through. It is rich in possibilities because it has to be. It must de

big idea. Nature’s plan is reproduction to maturity. Now suppose for simplicity that consumption is age-independent. Nobelists Milton Friedman and Franco Modigliani, mentioned earlier for their opposite reactions to my banking idea, separately argued something like that in the 1950s for adults. My extension backw