Actually Milken was with Drexel Burnham Lambert, as opposed to DLJ (Donaldson Lufkin Jenrette). Drexel, unfortunately, was long gone by the time I finished graduate school.
I’ve never met Milken, but I was supposed to pitch him for one of my partnerships a little over a year ago as a friend of his is one of my investors. He had to cancel for some reason so we never got together. Normally I don’t care about cancelled meetings and the like, but I was really looking forward to meeting him. He’s one of the true giants of finance, despite the technical financial “crimes” he may have committed. (Also, as you alluded, he is notoriously frugal.)
