On The U.K. Economic Crisis
You give a lot of money and buying power to people and what? You should be surprised that there’s going to be a lot of inflation? And then you have the inefficiencies that are taking place because of world affairs. … Then what you have is the tightening of monetary policy.”
Ray
Dalio
Founder, CIO Mentor & Member of the Board, Bridgewater Associates
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On China Ending Covid Restrictions
CEO, J.P. Morgan Asset & Wealth Management
Mary Callahan Erdoes
It has to figure out how to deal with an aged population. ... But it is going to open. Remember when the U.S. opened? The excitement, getting on an airplane, going to restaurants, going back to movie theaters. Think about that with 1.4 billion people.”
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On Finding Investment Opportunities
Chairman, Icahn Enterprises
Carl Icahn
What I look for are companies that have some hidden jewel, and that’s served our purposes. We find a company with hidden jewels—these are not well-managed or the boards are rubber-stamping too much debt or whatever—and we get on those boards.”
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On The Importance Of Grit
Olympic Champion, Entrepreneur & Founder, Lindsey Vonn Foundation
Lindsey Vonn
Longevity takes perseverance. No one is successful in a short period of time. There’s no quick fixes. There’s no shortcut. You really have to persevere and stay with it for a long period of time.”
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On Fighting High Inflation
Chairman & Founder, Equity Group Investments
Sam Zell
Hopefully, what the Fed is doing is it’s materially increasing the cost of borrowing. It’s waving a red flag and saying, ‘There’s got to be consequences for free money.’ ... If they don’t lose their nerve, I think that that will be successful.”
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On Challenging Perspectives
CEO, Apollo Global Management
Marc Rowan
I pick projects large and small, important and unimportant, symbolic and crucial, for the sole purpose of changing the way the organization thinks. And it’s to empower the dissenters. ... We always want people to mix it up around the table.”
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Steven Bertoni, assistant managing editor at Forbes, appears on stage to present Carl Icahn with the first Iconoclast Award.
Scenes from the Forbes Iconoclast Summit, which took place at the New York Historical Society in New York City. Photo Credit: Benjamin Esakof/Halo Creative for Forbes