Michael Milken Quotes On Wealth

“This provides something that is readable for the layperson and has been vetted by some of the top scientists. It helps you separate the misinformation.” – Michael Milken

Famous Michael Milken Quotes

Michael Milken Quotes
  1. “My experience indicates that most people who’ve accumulated a great deal of wealth haven’t had that as their goal at all. Wealth is only a by-product, not the original motivation.”

2. “The past is always triple-A. We can all remember what the past was. But if we try to make the future triple-A, we have no future. The future is always single-B.”

3. “I decided to shift my energy and concentration into changing my lifestyle and diet and taking charge of my own illness.”

4. “Our children won’t have opportunities unless there are opportunities for everyone.”

5. “Book value alone is not usually a good measure of the future. By investing more of the nation’s abundant resources in education, we can help assure the future of our democracy.”

6. “The rest of the world is growing so quickly, they’ll be looking for anything to buy.”

7. “The future of our country is not found in our boardrooms, but in our classrooms.”

8. “Financing is an art form. One of the challenges is how to correctly finance a company. In certain periods of time, more covenants need to be put into deals. You have to be sure the company has the right covenant — to allow it the freedom to grow, but also to insure the integrity of the credit.” – Michael Milken

9. “In financing growing companies, we always looked for human value that didn’t appear on the balance sheet.”

10. “Even if we could reduce deaths from one disease, like ovarian cancer, the return on investment would be priceless.”

11. “Almost like a classical Greek story — a rise to a very powerful position, and then the fall.”

Inspirational Michael Milken Quotes

12. “There’s no substitute for rolling up your sleeves and working with the people who can make a difference. They get the benefit of your participation and you gain a direct understanding of the real problems and potential solutions, which makes you a more informed giver.” – Michael Milken

13. “Investments in quality education and improved health will do more to accelerate economic growth than excessive housing incentives.”

14. “For those of us who have lost loved ones in their prime – as I did when my father and other relatives succumbed – even one of those years would have been a precious gift.”

15. “So many of my family and friends had lost their battles against cancer. What could I do that my relatives and friends had not? What could I do that would be different?”

16. “Debt isn’t good. Debt isn’t bad. For some companies, close to zero debt is too much leverage. For other companies, nearly 100 percent much higher levels of debt can easily be absorbed.”

17. “Dedicated researchers seek better treatments and cures for diabetes, kidney disease, Alzheimer’s and every form of cancer. But these scientists face an array of disincentives. We can do better.” – Michael Milken

18. “A true test of any financial executive is to be able to finance a company in tough times – not just in good times.”

19. “Where is society heading in the 21st century? The two largest sectors of the U.S. economy – health care and education – are poised to expand and become an even larger share of gross domestic product.” – Michael Milken

20. “This provides something that is readable for the layperson and has been vetted by some of the top scientists. It helps you separate the misinformation.”

21. “Any analysis of capital structure should recognize that most balance sheets are dramatically inaccurate because (with the exception of professional sports franchises) they fail to include the value of human capital.” – Michael Milken

About Michael Milken

Michael Milken is an American financier. He is known for his role in the development of the market for high-yield bonds, and his conviction and sentence following a guilty plea on felony charges for violating U.S. securities laws.

In 1989, Milken was charged with racketeering and securities fraud as part of an insider trading investigation. In exchange for a reduced sentence, he agreed to plead guilty to securities and reporting violations but not to racketeering or insider trading.

The Securities and Exchange Commission sentenced Milken to ten years in prison, fined him $600 million (his personal website claims $200 million), and permanently barred him from the securities industry.

His sentence was later reduced to two years for good behavior and cooperating with testimony against his former colleagues. On February 18, 2020, President Donald Trump pardoned Milken.

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