Marc Lasry Is One-Part Hedge Fund Manager, Three-Parts Motivational Coach

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Observe.

Avenue Capital Group founder Marc Lasry and Bruce Grossman, his senior manager of investment, were on a private jet returning to New York from Harrisburg, Pennsylvania, in 2005 when they felt the plane’s cabin suddenly heat up. Outside the window, smoke billowed from one of the engines. The two men looked at each other and remained wordless until the plane landed safely back in Harrisburg. Grossman wanted to get home by car or train. Instead, he says, Lasry persuaded him to take another flight, Bloomberg Markets magazine reports in its March issue. “He said, ‘If you don’t get on this plane right now, you’re going to have a much harder time getting on a plane,’” Grossman says.

[Bloomberg Markets]

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[caption id="attachment_100005" align="alignright" width="260"] Slumming it.[/caption] If you haven't heard, Avenue Capital's Marc Lasry will be representing you to our oldest and least-reliable ally. The White House didn't intend for you to hear that for a few weeks yet, and Avenue certainly didn't intend for its clients to hear it. But no convention of courtesy or deference can hold Bill Clinton down.