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)

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

Related topics

assets debt enough equity hold leaving leverage money value wipe

Related quotes

Desperation is the perfume of the young actor. It's so satisfying to have gotten rid of it. If you keep smelling it, it can drive you crazy. In this business a lot of people go nuts, go eccentric, even end up dead from it. Not my plan.

Uma Thurman

Some suffer much from poverty and sickness, but are not humbled, and so they suffer without profit. But one who is humbled will be happy in all circumstances, because the Lord is his riches and joy, and all people will wonder at the beauty of his soul.

Silouan the Athonite

Your employer is the last person you should want to provide for your healthcare, from a privacy, financial, and value standpoint. Employees with families should get the family, meaning spouses and children, off the company plan. In most cases, that will save them money.

Paul Zane Pilzer

As a woman you are better off in life earning your own money. You couldn't prevent your husband from leaving you or taking another wife, but you could have some of your dignity if you didn't have to beg him for financial support.

Ayaan Hirsi Ali

A certain kind of rich man afflicted with the symptoms of moral dandyism sooner or later comes to the conclusion that it isn't enough merely to make money. He feels obliged to hold views, to espouse causes and elect Presidents, to explain to a trembling world how and why the world went wrong.

Lewis H. Lapham