Michael Milken - Philanthropist, Financier, Medical Research Innovator, Public Health Advocate  

   Mikemilken.com  »  Photo  »  2010  »  The Russia Forum


Mike Milken Photo Album Printer-friendly version


2017
2016
2015
2014
2013
2012
2011
2010
2009
2008
2007
2006
2005
2004
2003
2002
2001
1999 - 2000
1997 - 1998
1989 - 1996
1966 - 1988
1946 - 1965
 
The Deputy Prime Minister of the Russian Federation, Igor Shuvalov, (left) and Troika Dialog CEO Ruben Vardanian (center) joined Mike on a panel about Russia’s future at The Russia Forum, an international investment conference in Moscow. Mike also gave a keynote speech and said that many of the world’s largest financial institutions were too leveraged before the recent financial crisis. "They had no basis for a business," he said, "because at their leverage ratios, no one is smart enough to withstand the volatility of financial markets. Over the long run, the best way to maximize profitability is not to increase leverage, but rather to analyze underlying credit properly."