Give a banker twenty per cent of the profits on a thirty-times-levered book and he will take it to forty times, because the extra leverage is worth a quarter of his bonus.

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Our reading — they may agree, disagree or merely touch the same thing. Closest first: a shared subject counts for most, then how near the wording is.

• Economic coercion has a half-life: use your leverage once and it is much weaker the second time, because everyone starts substituting away from you. KJKeyu Jin13 Aug 2025similar wording
• About a dozen holdings captures nearly all the benefit of diversification; going to fifty adds almost nothing. BABill Ackman20 Feb 2024similar wording
• A plan that spells out every line of code to change gives you no leverage: it costs as long to read as the pull request, so you end up skimming it and reading the code twice. DHDex Horthy15 Jul 2026similar wording
• Leverage in the AI build-out is neither to be applauded nor feared; what matters is how much debt there is and what backs it. HMHoward Marks9 Dec 2025similar wording
• At a market price-earnings ratio of twenty-three there is little upside and a long way to fall, where at fifteen there would be much less risk. JDJamie Dimon16 Jul 2025similar wording

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