In 1987 Reginald Lewis, with the help of Michael Milken, used a specific type of bond to purchase food conglomerate Beatrice foods for $985Mill – later re-naming the company TLC Beatrice.
Effectively, it was a $Billion dollar deal. It was also the largest deal ever (up until that point). This deal also ushered in the $Billion dollar deals that are commonplace now.
As spoken about before, bonds can be used to acquire financing for business & civic projects.
Bonds are a great way to shelter cash from the volatility of other investments. You don’t get wild fluctuations, only consistent payments.
-Monk
We spend 12 – 20 years in school learning about every subject, except for money. Then we spend the rest of our lives trying to figure out how to make money or how to grow the money we have.
My approach to financial literacy is to teach it in a way that makes the complexities of finance so simple that your investing actions become instinctive.
To the youth, young adults, and the mothers who raise them,
Financial Literacy: Monk Says… Learn the Game
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