Wow... he is the smartest explainer of job growth with a simple true message of permanent labor requirement changes in "junk" employers as the only longterm job creators.
00:08 The interview discusses meeting the wife in high school and inventing high-yield bonds 02:47 Everyone deserves a meaningful life and equal opportunities 05:14 Investment in low-rated firms may prove to be risky. 07:44 Michael moved the operation from Drexel to LA. 10:17 Diversify access to capital through multiple institutions 12:57 Investing in an oil drilling business and an oil exploration business 15:29 Surviving cancer with alternative treatments and changing medical research 18:18 Education is crucial for success in today's job market 20:50 American Dream is a chance to succeed based on ability and hard work 23:11 Access to education, health, and capital is crucial for financial system to work for all. Crafted by Merlin AI.
This guy is a criminal! How in the world are people like this looked at as heroes??? Every interview I have seen of him has avoided his prison sentence or superbly downplayed it. What a world we live in!
When I was a kid in the 70s an engineer would be paid twice what a painter was and a good football player 2-3 times a engineer. That’s fair enough.The road had fair traffic and we played in an empty street with a large bush area. The reasons only 26% americans think they’ll do better than their parents is same in Europe or developed countries: overpopulation (220.000 added per day to the planet) and unrational pay where a painter makes the same money as engineers with master degrees and obscene wages are paid to a few.
fascinating read regarding sub prime - Den of Thieves, by James Stewart- a different perspective on the origin of debt financing and the casualties in the aftermath
For all those who think that they have tough challenge in starting a business against reputed companies... Here is our hope.... at 21 minutes; In Milken words;" There are few people I wish I would have never met; there are few phone call, I would not have returned but I think also I regret that the americal public did not understand that almost every person is high yield junk, now when things started coming from japan in the 60s and 70s , everyone said that is its junk and almost suddenly we felt by the 80s that quality of their products and cars were better, everything coming from china were junk.The american public did not understand that they were talking about themselves. 60 million jobs were created by non- investment grade companies in the later third of the 20th century minus jobs created by investment grade companies".. Hope...
At the very end the mention of the student loan problem in this country and how hope is diminishing because of it needs to be addressed. The American Dream is becoming The American Myth.The tie in to socialism and no hope is a very powerful thing that could change this country.
Mr. Milken has contributed in 3 key areas of human life Finance, Education and Healthcare all these while he was fighting the deadliest disease cancer, and that is remarkable, Sir please visit www.dhamma.org for vipassana meditation program. Thank you for your contributions and thank you Mr. David for introducing this gentleman. Best wishes.
IMVHO: This interview was interesting, but he should have talked about whether he was actually guilty of what he was convicted of committing, and how he reduced his sentenced down to two years.
You can see surprise on David's face when milken says that students CAN not get rid off student loan even after defaulting...I think...milken would have developed sympathy for defaulters....failure can not be punished....
Impressive man but did you notice in the last 60 seconds, he knocked socialism, then quickly said we need to find a way to finance education without all the student loans, and to give young people access to capital. Confusing.
consumer debt is down in every category except student debt. Student debt is the only form of debt run by the government. his knock on socialism perfectly aligns with his piont on student loan debt ... did you not realize it was run by the governent???
