“Junk bonds prove there's nothing magical in a Aaa bond rating.” ProveTiesJunkRating Author:Merton Miller
“Everyone recognizes that's a joke because obviously the number and shape of the pieces doesn't affect the size of the pizza. And similarly, the stocks, bonds, warrants, etc., issued don't affect the aggregate value of the firm.” ValuesNumbersPiecesShapesJokesSizeFirmTiesEtcPizzaWarrants Author:Merton Miller
