You've navigated every crisis since the '80s. What's the one you haven't seen yet that keeps you up at night?
The crisis that keeps me up isn't a single event you can name—it's that we've rebuilt the same fragility we had in 2008, just in a different form, and everyone thinks we're safe because we haven't seen the movie end yet.
People always ask me what the next crisis looks like, as if there's a script. In 2008, nobody saw subprime mortgage contagion taking down the global financial system until it was already happening. The truth is, I don't worry about the cris...