How Michael Milken Changed Wall Street

The transcript discusses the concept of high yield bonds as a potentially better investment compared to investment grade bonds. It highlights the inconsistency in recommending equity investments in non-investment grade companies while ignoring preferred stocks. The discussion includes an analysis of credit ratings, particularly the triple C rating, using examples of companies like Uber, Tesla, and WeWork. It suggests that future-oriented companies often have low credit ratings, while established companies may pose real risks.

What investment strategy did the speaker promote as more beneficial than investment grade bonds?

• Investing in high yield bonds

• Investing in mutual funds

• Investing in real estate

• Investing in cryptocurrency

What inconsistency did the speaker highlight in the firm's investment recommendations?

• Recommending equity but not preferred stocks

• Recommending bonds but not stocks

• Recommending mutual funds but not ETFs

• Recommending real estate but not bonds

Which of the following companies was mentioned as having a triple C credit rating?

• Microsoft

• Uber

• Google

• Amazon

According to the speaker, where does the real risk often lie in terms of company investments?

• In new startups

• In companies with long dividend histories

• In companies with high credit ratings

• In companies with no debt

What is the lowest credit rating before a company is considered bankrupt?

• Triple A

• Triple C

• Single D

• Double B