The Answer That Made Michael Milken Say No to an Investment

The transcript discusses the decision-making process in financing businesses, highlighting a specific case involving an oil drilling company. The speaker emphasizes the importance of understanding business techniques and not hesitating to ask questions. A particular drilling technique called 'Close Alaji' is explained, which involves drilling close to where others have drilled, without any geological basis. The decision was made not to finance this company due to the lack of a sound technique.

What was the speaker's experience during the presentation on investing?

What does the speaker suggest is important when you don't understand a concept?

Why do many people hesitate to ask questions when they don't understand something?

What technique did the oil drilling company use according to the speaker?

What was the main reason for deciding not to finance the oil drilling company?