Equity is the cushion that protects financial institutions from unexpected changes in the value of their assets. The greater the leverage, the smaller the losses required to wipe out a company's equity, leaving it without enough money to repay the people who hold its debt.
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"Equity is the cushion that protects financial institutions from unexpected changes in the value of their assets. The greater the leverage, the smaller the losses required to wipe out a company's equity, leaving it without enough money to repay the people who hold its debt." — Alex Berenson #moneywealth
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Equity is the cushion that protects financial institutions from unexpected changes in the valu…
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Equity is the cushion that protects financial institutions from unexpected changes in the value of their assets. The greater the leverage, the smaller the losses required to wipe out a company's equity, leaving it without enough money to repay the people who hold its debt. — Alex Berenson
About Alex Berenson
Alex Berenson was a Author from United States (1973–present).
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Who said "Equity is the cushion that protects financial institutions from unexpected chan…"?
This quote is attributed to Alex Berenson, a Author from United States.
When did Alex Berenson live?
Alex Berenson lived from 1973 – present.
What is this quote about?
This quote touches on Money & Wealth. Browse more quotes on these themes from the categories page.