Optimism rules at this year's Milken conference

Michael Milken
Michael Milken. Photo by Sean Zanni/Patrick McMullan via Getty Images.

Three takeaways from this week's Milken Global Conference, where many of the world's top financiers, politicians and philanthropists gathered to exchange ideas and host dinners:

1. Optimism. So much optimism, about nearly everything. If Mike Milken had decorated the Beverly Hilton with rainbows, it wouldn't have been out of place. Someone actually said to me yesterday that the rules of economic cycles may no longer apply, and this was a senior capital markets professional with a head full of gray.