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Warren Stephens: We've always been modestly leveraged, and we've never...
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Warren Stephens: We've always been modestly leveraged, and we've never...

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Quote 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.
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