1. Read and reflect on today's quote:

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

2. Look up any unfamiliar words.

3a. Respond to this quote in the Quote of the Day thread of this module's Discussion Board: Comment, reflect, agree/disagree, share a similar or contradictory quote, or provide an example to support or reject this quote. You may use text, video, audio, etc.