if we could reduce deaths from one disease, like ovarian cancer,
the return on investment would be priceless.
Milken # Death,
all this wealth, the problem is not who's going buy assets,
it's are there any assets to buy with all the liquidity in
Milken # Rich,
has an opinion and today the Internet allows everyone to express
that opinion and it becomes very difficult for an individual.
Milken # Internet,
trend already has begun. Already we're seeing ads saying,
"Help wanted. We need older workers." The only offense
is calling age 60 "older", instead of "mid-life."
Milken # Help,
housing. We don't have efficient mortgage markets around the
world, but we've had a $20 trillion increase in housing assets
from 1997 to 2004. If developing countries can fully borrow,
what are they going to buy? Where are the assets for them
Milken # Market,
- 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.
Milken # Love,
- The real
issue is the rate of return. If it increases, it solves the
problems. The issue will be, "Where can I invest?"
not "Who's the buyer."
Milken # Problem,
- The iPod
has 7,500 times the storage of IBM's largest computer in 1976.
The new IBM (IBM) chip has 2 trillion calculations per second.
In 1974, it cost $100 million to sequence a gene. Today, it
cost $3, and by 2013, it will be 3 cents.
Milken # Technology,
- The rest
of the world is growing so quickly, they'll be looking for
anything to buy.
Milken # Growth,
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