Everything Starts Out as Junk, Says Michael Milken
A pedestrian passes a pile of uncollected garbage on a residential road during a refuse collection strike by municipal workers in Athens, Greece. (Photographer: Kostas Tsironis/Bloomberg)

Everything Starts Out as Junk, Says Michael Milken

(Bloomberg) -- America’s erstwhile high-yield-bond king has news for you: Everything starts out as junk.
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