Quote

The consensus is a very dangerous thing to get complacent about.

Ken Moelis

Change background

T
T
T

Change font

TAGS & TOPICS

Ken Moelis
Age: 66
Born: 1958
Born: January 1
Investment Banker
Complacent
Consensus
Dangerous
Thing

More quotes by Ken Moelis

Image
There was a time when people thought that if you piled a bunch of mortgages together, the top of the pile was AAA. There are a lot of things that become consensus.
Ken Moelis
Image
The ability of people to reach their own news sources now, and create different views, is really unbelievable, and [populism] may be part of this.
Ken Moelis
Image
It is a very interesting world. I'm excited. It is much more optimistic than people think, and there is going to be huge job creation from all these things, and there are going to be huge life improvements.
Ken Moelis
Image
In most industries, technological change is happening at a rapid rate.
Ken Moelis
Image
I don't want to pick on Deutsche Bank, but I think the world of the regulated financial conglomerate, it is a strange thing. There is nothing in common between writing checks and running branch offices, issuing credit cards - those are good businesses, but they really have zero in common with M&A advice. They're a different customer.
Ken Moelis
Image
There is a desire for change. There is a millennial generation that doesn't like what they're seeing, but doesn't quite know what the solution is.
Ken Moelis
Image
Digitization has created opportunities for everybody to accumulate information in a way they were never able to, and analyze it with a speed that just wasn't there.
Ken Moelis
Image
I went to Brazil, and you get on the ground and you see it, and you could tell the government was in trouble two years ago. This was just going to sweep the government aside, and it was a force you could feel. Brexit, the same thing.
Ken Moelis
Image
The leverage Wall Street has to change the world is greater than technology. At a very young age, you're in the room with CEOs, making critical decisions. It should be exciting. It is exciting.
Ken Moelis
Image
That is the brilliant thing about the millennials. They're not obsessing about, Hey, there is not going to be a job for me - they're trying to take advantage of how good a life they can have without having to create so much nominal income.
Ken Moelis
Image
The reason you're put in the CEO chair is because a company is facing these issues and you've been designated the person best to organize around them. I think that people are pretty energized around trying to figure this out.
Ken Moelis
Image
I think [millenials] are taking advantage of deflationary forces to improve their life while not maybe having to chase the nominal money that was needed to buy a whole car, a whole house, a whole couch.
Ken Moelis
Image
Everybody is looking at their base business and saying, What else is it? Sure, we do this, but while we're doing that, what else do we know about our customer, and what does that enable us to do? That comes from the access to information and the ability to analyze it with a speed they never had. I think everybody is thinking that way.
Ken Moelis
Image
I worked at Drexel Burnham and DLJ, and then I worked at a financial conglomerate that had 60,000 people - there was a difference. But we went to the schools and said it's the same. The experience I had in 1992 is exactly what you're going to get in 2002.
Ken Moelis
Image
You see a wave of populism in the world. There is something wrong. This maybe because of technology.
Ken Moelis
Image
Do people have confidence? I think the real confidence you need is the confidence in your outlook, and I think people are pretty confident it is a low-growth world.
Ken Moelis
Image
There are only two people running [Donald trump and Hillary Clinton] - you have to pick one of two people, and it's not like I said Mickey Mouse was going to win. This is why, like you said about Brexit, inside of London I don't think they saw what was going on.
Ken Moelis
Image
John Cryan and I worked together at UBS, and I think John is one smart, hardworking individual, and I wouldn't bet against John. I wish him well.
Ken Moelis
Image
I think people sense that - that there is something not right about that equation [in the USA].
Ken Moelis
Image
There is a lot of opportunity in all of this stuff [like healthcare business]. I don't know why everybody is focused on the negatives.
Ken Moelis