By Dirk Hayhurst
<i></i>"After many mins, hours, days, weeks, months and years spent within the bullpen, i will be able to be certain that this can be a real photograph of baseball."--Tim McCarver "There are nice truths inside, of the sort often unstated. And as he expresses them, Dirk Hayhurst describes himself as 'a genuine one that moonlights as a baseball player.' In a lot an identical demeanour, whereas The Bullpen Gospels chronicles how we all face the influence once we examine fact is either some distance meaner and much richer than our dreams--it additionally moonlights as the most effective baseball books ever written."--Keith Olbermann "A little bit of Jim Bouton, a bit Jim Brosnan, a little bit Pat Jordan, a little bit crash Davis, and an entire lot of Dirk Hayhurst. frequently hilarious, occasionally poignant. this can be a relatively stress-free baseball read."--Bob Costas "Fascinating. . .a point of view that lovers hardly ever see."--Trevor Hoffman, pitcher for the Milwaukee Brewers "The Bullpen Gospels is a rollicking solid bus experience of a ebook. Hayhurst illuminates a baseball existence not just with wit and humor, but in addition with thought-provoking introspection."--Tom Verducci, activities Illustrated "Dirk Hayhurst has written a desirable, humorous and sincere account on lifestyles within the minor leagues. I enjoyed it. Writers can't play baseball, yet for this reason, a participant convinced can write."--Tim Kurkjian, Senior author, ESPN The journal, analyst/reporter ESPN television "Bull Durham meets Ball 4 in Dirk Hayhurst's hilarious and relocating account of existence in baseball's glamour-free bush leagues."--Rob Neyer, ESPN.com
"If Holden Caulfield may well dial up his fastball to ninety mph, he may have written this humorous, touching memoir a couple of ballplayer at a career--and life--crossroads. He may need known as it 'Pitcher within the Rye.' as an alternative, he left it to Dirk Hayhurst, the single author within the enterprise who could make you snigger, make you cry and strike out Ryan Howard."--King Kaufman, Salon "The Bullpen Gospels is a humorous bone-tickling, tear duct-stimulating, feel-good tale that would depart die-hard baseball fans--and die-hard people, for that matter--well, feeling good."--Bob Mitchell, writer of as soon as Upon a Fastball
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Extra info for The Bullpen Gospels: Major League Dreams of a Minor League Veteran
Miller, “The Cost of Capital, Corporation Finance and the Theory of Investment,” American Economic Review 48, no. 3 (1958): 261–297; F. Modigliani and M. Miller, “Corporate Income Taxes and the Cost of Capital: A Correction,” American Economic Review 53, no. 3 (1963): 433–443; Ross, Westerfield, and Jaffe, Corporate Finance, 494–525, addresses this subject in detail. ” Page 499: “Modigliani and Miller (MM or M&M) have a convincing argument that a firm cannot change the total value of its outstanding securities before changing the proportions of its capital structure.
Page 500: “MM Proposition 1 (no taxes): The value of the levered firm is the same as the value of the unlevered firm. This is one of the most important results in all of corporate finance. ” Page 511: “Value is maximized for the capital structure paying the least in taxes. In other words, the manager should choose the capital structure that the IRS hates the most. S. tax law, the proportions of the pie allocated to taxes is less for the levered firm than it is for the unlevered firm. ” Chapter 17, Page 526: “Capital Structure Limits to the Use of Debt”: “Should managers really set their firm’s debt to value ratios near 100 percent?
Multiple goals of a corporation clearly exist, such as survive; avoid financial distress and bankruptcy; beat the competition; maximize sales of market share; minimize costs; maximize profits; maintain steady earnings growth. The text also explains that the goals fall into two primary classes: profitability and controlling risk/avoiding bankruptcy. Even nonprofit organizations have a goal of not losing money. It is outside of the scope of this book to go into detail on nonprofit objectives and their use of debt, but we can safely say that many nonprofits have CFOs and many use debt strategies similar to the ideas expressed in this book.
The Bullpen Gospels: Major League Dreams of a Minor League Veteran by Dirk Hayhurst