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.
Copy QuoteA nation that continues year after year to spend more money on military defense than on programs of social uplift is approaching spiritual doom.
Copy Quote View & ShareMoney cannot buy peace of mind. It cannot heal ruptured relationships, or build meaning into a life that has none.
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