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“I worry that we could get arrogant. If you get arrogant, you lose your way, and start making mistakes”
"Around 60% of revenues comes from the fixed-income business," says one investor. "That's more than Bear Stearns' 50% and Merrill Lynch's 25%." In the second quarter this year just over 63% of revenues came from fixed income.
Implicit in such concerns is a fear that Lehman is more prone to suffer when the debt markets perform poorly.
- Can Lehman grow and still succeed? (free to access)
July 2005
