As a graduate business student at Pennsylvania's Wharton School,Milken made junk bonds a focus of his scholarship. 垃圾債券大王米爾肯還在賓州大學華頓商學院念研究生時,他就以研究垃圾債券得到獎學金。
Mr Milken's belief that a small bank with great ideas could shake the establishment made an impression on the young Mr Moelis, despite Drexel's subsequent collapse. 米爾肯先生相信具有偉大創意的小銀行能撼動整個業界,儘管德崇證券不久后破產,但他的這一信念卻令莫里斯印象深刻。