Perkins’ Picks

So I am watching an interview on CNBC with the CEO of Morgan Stanley (MS), John Mack, when the reporter asks: paraphrasing…
What did you think when you knew the company was leveraged 31 times?
Mack’s answer:
<blinking> We are now down to about 21.
Me reacting to the TV: Dog! Eh? What? Wait?

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