Michael Milken Says He Has `Regrets'

The speaker reflects on personal regrets in their financial career, including interactions they wish they had avoided. They discuss the American public's misunderstanding of foreign products, particularly from Japan and China, and how perceptions changed over time. The speaker highlights the significant job creation by non-investment grade companies in the latter part of the 20th century, contrasting it with the performance of investment-grade companies.

What does the speaker regret about their financial career?

• Not saving enough money

• Not investing in technology

• Meeting certain people

• Traveling too much

How did the American public initially perceive products from Japan in the 60s and 70s?

• As high quality

• As expensive

• As junk

• As innovative

By the 1980s, how did the perception of Japanese products change?

• They were ignored

• They were seen as the same

• They were seen as better

• They were seen as worse

What was the economic impact of non-investment grade companies in the latter third of the 20th century?

• They had no impact

• They reduced job opportunities

• They caused a recession

• They created 60 million jobs

How did investment-grade companies compare in terms of job creation?

• They created more jobs

• They created the same number of jobs

• They had no effect on job creation

• They created fewer jobs