Milken is a f%^#ing genius.
"...He talked about understanding peopleï¿½s talent and coupling that with capital. Milken said he was trying to figure out how do we define, find and finance human capital. He said we have no ways of judging that beyond giving college kids a credit card and tracking that (laugh from the audience)."
You know, if he figures out a viable way to do this, it will have almost unimaginable consequences. It'll make the technological disruptions of the last 25 years look like little tiny pinpricks. I cannot believe how smart this guy is or overstate how potentially big this is. Wow. Here's the current state of private equity human capital contracts.
Here's one of his better articles if you want more.