Ken Moelis Quotes

I’ve always said this: I’ve never seen a Michelin three-starred restaurant that was a buffet. They usually serve Г  la carte. I do think the delivery of a specific service, a specific advice for a specific reason, is the way you get the equivalent of a Michelin three-starred relationship.

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.

A big secular thing going on is technology and deflation. This is where I think millennials are getting that it is an improvement in life, and they’re taking advantage of it.

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.

There are some very difficult things to understand that globalization is providing, that people really think are just here but really are a function of some of that. There are some very difficult arguments.

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.

By the way, I’m not sure the managing director who was 50 in 2005 understood that the job had changed – that when he or she came out of school in 1986, that it was different. How would they know? We’ve got to admit that.

In each business, there is a process, or a delivery system or information system, that is changing rapidly under them.

You get behind some of the numbers, like the underfunded pensions in the US, and I’m not sure people even understand how wrong their situation is.

Income is there to create quality of life, but you can share your car and get where you want to go, and you can travel the world by couch surfing.

I do think [in USA] is a need for change. There is something wrong when you have $20 trillion of debt and crumbling infrastructure at the same time, and really fewer people employed than have been. Something is wrong.

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.

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

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.

I think people sense that – that there is something not right about that equation [in the USA].

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.

If you’re not exposing yourself to a non-consensus view somehow over the course of a day, you can reject them, but you should expose yourself to them.