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.

Can you name some companies that are rated triple C and discuss their financial situation?

What does the speaker imply about the risk associated with companies that have paid dividends for a long time?