(L-R) Moderator Niall Ferguson, Laurence A. Tisch professor of history at Harvard University, Mitchell Julis, co-chairman and co-CEO of Canyon Partners LLC and Peter Thiel, partner of Founders Fund take part in a panel discussion titled "When Past Performance Is a Guide: Using History to Make Sense of the Post-Crisis World" at the Milken Institute Global Conference in Beverly Hills, California May 1, 2013. REUTERS/Photographers Name (UNITED STATES - Tags: BUSINESS)