Always Quote by Warren Stephens
“We've always been modestly leveraged, and we've never believed in a great deal of leverage on either our private equity business or on our investment banking business. And I think it really goes back to my uncle and dad growing up in the Depression and just seeing what happened to people who were overly levered.”
About This Quote
Source Interview: Bloomberg TV, 2018
Excessive leverage can amplify risk; modest leverage reflects lessons from past hardships.
In simple terms: Too much debt is risky.
Key Takeaway
Use moderate leverage.
Themes
finance
risk
leverage
history
Mood
analytical
pragmatic
Type
financial
strategic
When to use this quote
- corporate finance
- private equity
- investment banking
Key Concepts
economic cycles
debt management
investment strategy
Questions to Reflect On
- What level of debt is sustainable?
- How do you balance growth and risk?
A Different Perspective
Leverage can limit flexibility in downturns.
