Education
Milken was born to a Jewish family in Encino, California. He graduated from Birmingham High School, where his classmates included actresses Sally Field and Cindy Williams.
Milken is a 1968 University of California, Berkeley graduate with a B.S. with highest honors, was elected to Phi Beta Kappa and was a member of the Sigma Alpha Mu fraternity. He received his MBA from the Wharton School at the University of Pennsylvania.
While at Berkeley, Milken was influenced by credit studies authored by W. Braddock Hickman, a former president of the Federal Reserve Bank of Cleveland, who noted that a portfolio of non-investment grade bonds offered "risk-adjusted" returns greater than that of an investment grade portfolio.
Read more about this topic: Michael Milken
Famous quotes containing the word education:
““We’ll encounter opposition, won’t we, if we give women the same education that we give to men,” Socrates says to Galucon. “For then we’d have to let women ... exercise in the company of men. And we know how ridiculous that would seem.” ... Convention and habit are women’s enemies here, and reason their ally.”
—Martha Nussbaum (b. 1947)
“One of the greatest faults of the women of the present time is a silly fear of things, and one object of the education of girls should be to give them knowledge of what things are really dangerous.”
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“Think of the importance of Friendship in the education of men.... It will make a man honest; it will make him a hero; it will make him a saint. It is the state of the just dealing with the just, the magnanimous with the magnanimous, the sincere with the sincere, man with man.”
—Henry David Thoreau (1817–1862)