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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

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Ken Moelis
Age: 66
Born: 1958
Born: January 1
Investment Banker
Life
Needed
Couch
Maybe
Couches
Force
Chase
House
Improve
Money
Forces
Whole
Car
Think
Advantage
Thinking
Taking
Nominal

More quotes by Ken Moelis

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In most industries, technological change is happening at a rapid rate.
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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.
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You see a wave of populism in the world. There is something wrong. This maybe because of technology.
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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.
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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.
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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.
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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
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I think people sense that - that there is something not right about that equation [in the USA].
Ken Moelis
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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
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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
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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
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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
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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
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The consensus is a very dangerous thing to get complacent about.
Ken Moelis
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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
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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
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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
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The only thing I find executives down about is the regulatory environment.
Ken Moelis
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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
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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