Conference Presentation, Earnings Call
Nasdaq Closing Bell Ceremony | Institute Chairman Michael Milken on Building Meaningful Lives
- Over 4,000 thought leaders from more than 50 countries are attending the conference with the expectation that substantive implementation begins upon their return to organizations.
- The Milken Institute's Family Foundation continues its multi-decade support for over 1,000 organizations addressing inner-city issues, pediatric life-threatening diseases, and research into leukemia, brain cancer, breast cancer, neurology, and nutrition.
- A new 12th conference track focuses on "building meaningful lives" to address global future job creation challenges.
- A cohort of 1,000 graduates is dedicated to creating jobs and economic development, with the expectation that they can transform their respective continents.
- Scholars within the job creation program have committed to returning to their home countries after six or nine months to initiate their work.
- The global population is projected to increase by 3 billion people by the end of the century, with the net increase occurring almost entirely in sub-Saharan Africa, potentially surpassing Asia as the most populous continent.
- The Institute aims to create tens of millions of jobs in Africa and Southern Asia by deploying capital through financial experts and entrepreneurs.
- Obesity levels in the United States are expected to cause significant costs, with microbiome sequencing projected to cost $100 in 2019.
- Investment growth scenarios for $20 trillion in global capital market assets over 32 years project values of $51 trillion at a 3% median rate of return, $95 trillion at 5%, and $174 trillion at 7%.
- Failure by pension funds, endowments, sovereign wealth funds, and insurance companies to achieve assumed rates of return could cause significant economic and national disruptions.
- Private equity firms in the United States control more companies than are publicly listed, with the next eight largest U.S. employers after Walmart expected to remain private equity-owned.
- New financial technologies, including crowdsourcing, mobile banking, AI, big data, and fintech, are considered necessary to provide solutions for tens or hundreds of millions of people.
- The Institute projects that tomorrow will be better for more than 50% of the world's population, with the goal of 90% stating that "today was the best day of my life."
- The Institute aims to ensure future generations will only learn about cancer and other life-threatening diseases from history books rather than experiencing them.
- The concluding panel of the 2017 Global Conference will feature astronauts and financier Dan Golan to discuss space exploration.
- An invitation has been extended for Michael Milken to return to speak within less than 16 years.