Jeffrey Leeds is president and co-founder of Leeds Equity Partners, a private-equity firm based in New York. He is a director of Education Management Corp., RealPage, and SeatonCorp, and a trustee on the United Federation of Teachers' Charter School Board in New York.

But in a good way. Financier Jeffrey Leeds talks with Liaquat Ahamed, author of the acclaimed Lords of Finance, about why the bear market is actually a good thing—and how much longer it will last.