Search found 3 matches
- Sat Dec 07, 2002 12:55 pm
- Forum: SD Mailing List Archive
- Topic: Effect of Borrowing on Equity Value
- Replies: 1
- Views: 5534
Effect of Borrowing on Equity Value
Nicolo, The economic theory behind this is fairly well developed. It begins with some work done by Franco Modigliani and Merton Miller who demonstrated that, under certain assumptions, the total value of a firm (i.e., the value of debt plus equity) was invariant with financial leverage. The critical...
- Wed Jun 26, 2002 8:48 am
- Forum: SD Mailing List Archive
- Topic: SD Reviews of A New Kind of Science by Stephen Wolfram
- Replies: 4
- Views: 4328
SD Reviews of A New Kind of Science by Stephen Wolfram
Greetings Jay! I didnt mean to imply that Wolfram claimed that CA would be valuable as an explanatory tool. I was just trying to be cautious about potential limitations to this "New Kind of Science" in the face of the popular hype surrounding the book. (In it, Wolfram conjectures that the ...
- Mon Jun 24, 2002 7:48 am
- Forum: SD Mailing List Archive
- Topic: SD Reviews of A New Kind of Science by Stephen Wolfram
- Replies: 4
- Views: 4328
SD Reviews of A New Kind of Science by Stephen Wolfram
Warren -- The article in Wired that you mention was indeed very good. Its strong points were the personal background on Wolfram and the history of the creation of the book. Here (http://books.slashdot.org/article.pl?sid=02/05/21/146210&tid=134) is the best actual review of the contents that Ive ...