Weaver: Alpine's First Fund Lost Money and Drained My Savings
“And then with Alpine, I mean, our first fund lost money, drained my savings account. Then we started calling our way back, got smacked by the Great Recession, drained my savings account again.”
Shelton: Heavy real estate investments caused severe losses during Great Recession
“I invested in real estate quite heavily, and so I got hurt with the great recession hurt me badly.”
Lahiri: UPA Government Overstimulated Economy, Leading to High Inflation
“We know that the UPA government went overboard in terms of stimulus. So what happened during the last few years, high inflation and problems in the, some incipient problems in the balance of payments.”
Dunn: Bonobos Raised First $8M from 100+ Investors During Recession
“And we started Bonobos, right? And right before the great recession. And so, oh, eight, oh, nine, 20, 10. We had to raise our first eight million from a hundred plus investors.”
Naylor: Business school placement rate dropped from 94% to 8% in 2008
“So they had a 94% placement rate of new graduates had jobs before they walked and got their diploma, which was a major statistic they were super proud of. When we graduated less than eight percent had jobs and it's because the economy was falling apart right a…”
Arthur Brooks: The bottom 80% of earners experienced zero economic growth
“This blended, by the way, with the Great Recession in 2008, 2009, such that basically 80% of the income distribution, the bottom 80% has experienced zero economic growth.”
Shaich: Panera tripled its stock price during the Great Recession
“We said this is the time to build competitive advantage, and ultimately we tripled the stock through the recession.”
Global oil demand has dropped only twice since the 1980s
“Only two times since the 19 eighties has petroleum demand dropped. One was in the recession in the early 19 eighties, and then another one was after the great recession started by the housing bubble in the United States in 2007.”
Breslow: US small-dollar business loans fell after the 2008 recession
“The number of small dollar loans to small businesses that has actually fallen since the Great Recession back in 2008, 2009.”