Franco Modigliani quotes
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“High leverage is unsafe, not just for a company but the entire economy... LBOs are reducing the safety. Management loses the power to do many things. It has no margin for error and less margin for additional risk.”
-- Franco Modigliani -
“A situation where people can grow old without having a job that rewards them individually while adding to the collective well-being is morally unacceptable.”
-- Franco ModiglianiSource : Franco Modigliani (2001). “Adventures of an Economist”, W. W. Norton
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“Is it important that the rent of land be retained as a source of government revenue. Some persons who could make excellent use of land would be unable to raise money for the purchase price. Collecting rent annually provides access to land for persons with limited access to credit.”
-- Franco Modigliani
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“Error often is to be preferred to indecision.”
Source : Aaron Burr, Matthew Livingston Davis (1837). “Memoirs of Aaron Burr”, p.337
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“There are two ways to write error-free programs; only the third one works.”
Source : "Epigrams on Programming". ACM "SIGPLAN" Notices 17 (9), (pp. 7-13), September 1982.
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Source : Michael Frost, Alan Hirsch (2011). “The Faith of Leap (Shapevine): Embracing a Theology of Risk, Adventure & Courage”, p.58, Baker Books
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Source : A. R. Ammons (1996). “Set in motion: essays, interviews, and dialogues”, Univ of Michigan Pr
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