2008
other on 2 shows · 6 statements across 6 episodes
6 statements about 2008, every show
Jason Lemkin is 0% cash, mirroring his 2008 fund allocation
“Well I'm excited because just like 2008 at the moment, I'm zero percent cash.”
Fink: Private Debt Has Not Operated Through a Real Distress Cycle
“On the other side, the private debt markets haven't really been around during a proper distress cycle. Because they really weren't of any size in 2008, which was the last time you had a real cycle.”
A 2008 Bridge Loan Wipeout Made Ostrover Reluctant to Use Leverage
“Well, the crisis got worse after we bought it, and some of these loans fell 20, 30 points. Well, if you take 20 points times four, you've lost 80%. You take it times five, your equity is negative. And that's what we went through in 2008. And so I've been reall…”
Aitken: Post-2008 Rules Restrict Bank Capacity to Intermediate Volatile Markets
“Primary dealer balance sheets and large bank balance sheets around the world are necessarily more constrained as a result of what happened in 2008. But also that does rather limit their ability to intermediate markets, even markets as volatile as the ones we'r…”
Marshall: Only high-quality businesses survive major economic downturns
“Well, I think that the way that we think about it is the way that I think about it is that only quality is durable, and if you look at 2000 and then the 2008, you had some folks that just came into the market talk about bubbles. Only the true quality businesse…”
Acito: Investors waiting for another 2008-style crisis will not deploy capital
“And thankfully that's not going to be the next cycle. And I think for people who are going to wait for the apocalypse, apocalypse two to happen, I just, they're not going to get money to work. It's not going to be there, and they're going to be looking for som…”