CEO Ken Moelis, 59, cofounded investment bank Moelis & Company just as the U.S. economy tanked, and took it public in 2014 with a $163 million IPO. By Maria Aspan
What did you learn by starting a financial business in the middle of a financial crisis?
There are a thousand decisions, and people waste an inordinate amount of time trying to make the right ones. The thing we did during the crisis was make the best decision we could with 90 percent of the information, and then reassess it quickly so if it was wrong, we could change it. At some point, 90 percent of the information is the best you’re going to do. Make a decision.
What were the scariest early moments?
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