Warren Stephens Quotes

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Warren Stephens
Born Warren Amerine Stephens
(1957-02-18) February 18, 1957 (age 59)
Little Rock, Arkansas, US
Residence Little Rock, Arkansas
Nationality American
Education Trinity Presbyterian High School
Alma mater Washington and Lee University
Wake Forest University
Occupation Chairman, president and CEO, Stephens Inc.
Net worth US$2.4 billion (Forbes 2016)[1]
Spouse(s) Harriet Stephens
Children 3
Parent(s) Jackson T. Stephens
Mary Amerine Stephens

Owning equities is an essential part of anyone’s portfolio. You just can’t ignore it over time. It’s going to add the real pop to anyone’s overall performance.
Warren Stephens
In our experience, what we have found is the rare commodity is a good management team. And good management teams manage through good and bad cycles and manage to grow their business over a long period of time.
Warren Stephens
We don’t think of ourselves as a regional investment bank. We think of ourselves as merchant bankers with clients all over the country.
Warren Stephens
One of the industries we follow very closely is the trucking industry. They would love if today there was an option for them to run their fleets on natural gas, because of the price disparity between oil and refined diesel – which they almost exclusively run on now – and natural gas.
Warren Stephens
It’s difficult to make your clients understand that there are certain days that the market will go up or down 2%, and it’s basically driven by algorithms talking to algorithms. There’s no real rhyme or reason for that. So it’s difficult. We just try to preach long-term investing and staying the course.
Warren Stephens
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.
Warren Stephens
Underwriting is probably the smallest part of our business.
We’re certainly interested in maximizing our return and doing it – we’re interested in maximizing our return, but we’re also interested in doing it over a long period of time and in doing it in a way that never endangers the firm from a survivability standpoint.
Warren Stephens
What we prefer to do is operate our investment bank in a way that is like what investment banks used to be, which is a middle man – someone who is here to match people who need capital with people who have capital – and not position ourselves at the center of that by taking big positions on a trading stance.
Warren Stephens