Kevin Gannon, CEO of Robert A. Stanger & Co.: “The outflow of capital from private credit is leading an overall decline in fundraising for alternative investments, now running at a pace of $180 billion for 2026 as compared to $211 billion in 2025.”
Howard Marks, co-founder and co-chairman of Oaktree Capital Management, on the Magnificent Seven tech companies: “The PE ratios of the Mag Seven are not astronomical, in my opinion. If you look at the companies, they’re so much better qualitatively than the companies of the past. They’re mostly selling at price/earnings ratios in the 30s price. That doesn’t seem high to me. When I was a kid and came into this business in 1969, the Nifty Fifty were selling at PE ratios between 60 and 90. So today’s Mag Seven in the 30s seem reasonable.”
Richard Wilson, founder and CEO of Family Office Club: “You are 16 times more likely to clo
