Franco Modigliani famous quotes

Last updated: Sep 5, 2024

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

#Errors #Safety #Risk
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 Modigliani

#Jobs #People #Rewards
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

#Government #Land #Important

Error often is to be preferred to indecision.
There are two ways to write error-free programs; only the third one works.
We know the laws of trial and error, of large numbers and probabilities. We know that these laws are part of the mathematical and mechanical fabric of the universe, and that they are also at play in biological processes. But, in the name of the experimental method and out of our poor knowledge, are we really entitled to claim that everything happens by chance, to the exclusion of all other possibilities?
Foolish liberals who are trying to read the Second Amendment out of the constitution by claiming it's not an individual right or that it's too much of a safety hazard don't see the danger of the big picture. They're courting disaster by encouraging others to use this same means to eliminate portions of the Constitution they don't like.
The safety-obsessed church lacks the inner dynamic to foster profound missional impact in our time.
The poet exposes himself to the risk. All that has been said about poetry, all that he has learned about poetry, is only a partial assurance.
With Climate Change as a Security Risk, WBGU has compiled a flagship report on an issue that quite rightly is rising rapidly up the international political agenda. The authors pull no punches on the likelihood of increasing tensions and conflicts in a climatically constrained world and spotlight places where possible conflicts may flare up in the 21st century unless climate change is checked. The report makes it clear that climate policy is preventative security policy.
Moral improvement (or perfecting) require an evolution leading to a higher consciousness, which is the true torch of life; it is what we have failed too much to appreciate, and that which would be fatal to fail to appreciate any longer ("pluslongtemps", Fr.); For if we do not take it upon ourselves to remedy in time to the moral colapse (or bankruptcy) that already threaten, the whole civilisation will risks to disappear.
Today the strategies of many companies in the real estate industry are premised on low interest rates, an assumption that has resulted in the rapid expansion of the real estate securitization business. This trend could be regarded as a risk factor, as it exposes the real estate sector to at least three potential problems: first, interest rate hikes; second, revisions to securitization business accounting standards; and third, overheating in the real estate market.
The job of dictator is now a high-risk job.

Franco Modigliani famous quotes

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