The Ledger
Every statement that passed quotation and attribution checks. Mix any filter with any other: certainty 1/5, debate potential 5/5, or both at once.
why aren't all 11 resolved? a statement only gets an assessment when the public record can support or contradict it. opinions and what-ifs never can, and 0 checkable ones are still open, waiting for their date. predictions held up or didn't; assertions are supported or contradicted. on every card: ▮▮▮▮▮ certainty · ▮▮▮▮▮ debate potential. speakers are clickable
Milken: Non-investment grade debt has outperformed higher-rated debt and equities
“Going back particularly to the work that I had done in the sixties, so we're 60 years later now, the rates of return have been significant and have exceeded higher rate of debt and often equity rates of return.”
Milken: 77% of US AI PhD Students Are Foreign-Born
“50% of every software engineer or scientist in Silicon Valley in the last 30 or 40 years was not born in the United States.
60% of many of our medical research not born in the United States.
77% of everyone in PhD programs in AI not born in the United States.”
Milken: Dodgers' discounted TV rights exceeded team's entire purchase price
“If you look at one of the greatest purchases in sports, the Los Angeles Dodgers, for example, they were able to securitize The media stream from an investment grade company, in that case, it was Time Warner Cable, today Charter, for the next 30 years that paid…”
Milken: Three US companies are AAA, but S&P rated 15,000 structures AAA
“There's maybe three companies in America that are rated triple A. S and P rated in a period of time, 15,000 structures, triple A, almost all of them real estate. And in some cases you lost 100% of your money in a triple A.”
Milken: US Added Decade of Schooling by 1960, Now Ranks 31st
“Between 1870 and 1960,
The United States added one year of formal schooling every decade, and by 1960, the U.S. Was the most educated country in the world by two years more than any other country.
Since then, other countries have caught us and passed it, and s…”
Milken: Increased weight costs the United States $1.5 trillion annually
“We did a study back as far as 20 years ago showing that just the change in weight in America cost the country one and a half trillion a year.”
Milken: Drexel eventually made markets in 7,000 different securities
“So you had to be a market maker, and we eventually made markets in 7000 different securities.”
Milken: Roughly 99.5% of companies worldwide are non-investment grade
“99.5 or something of all the companies in the world are non-investment grade debt companies. Very few are investment grade”
Milken: Annual births in China fell 60% to under 10 million
“But second, they've gone from having 23 to twenty-five million children born a year to less than 10. So they've had a 60% reduction in the number of children born.”