Michael Milken
The Catalyst
Ideas with a spark, energy, range and the ability to start things.
Michael Milken reads as The Catalyst because he ignites change at scale wherever he lands. In finance he did more than trade high-yield bonds, he democratised access to capital for companies traditional lenders ignored, sparking an economic movement.
“Amazon and companies like Amazon now allow us to deliver goods to places that were food wastelands in the country and places you didn't have access to product and services. Today, they can be delivered to your door wherever you might be. The internet, a great leveler of civilization.”
“Not a forward looking measure, and you might rate a company whose future doesn't look bright or is going to be disintermediated high based on the past, or you might rate a company low. I mean, Tesla was not investment grade debt even if it was approaching a trillion dollars in market cap. So it just took a long time to get there.”
“Is the importance of your managers, your leaders in businesses, people looking at the numbers often don't understand by far the most valuable asset, and that is the human capital.”
“Before that technique is well used, but we can change how your genes are expressed by changing your lifestyle, what you eat, what you drink, and what you do. And therefore, even if you have a high probability of getting a life-threatening disease, you might not, by changing how your genes are expressed.”
The David Rubenstein Show: “Michael Milken”
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