On Purpose with Jay Shetty
Mike Milken ON: How to Connect Your Life Purpose with Business Success & The Mindset Behind Strategic Decision Making
Mon Jul 24 2023Description
This episode covers a range of topics including the introduction of the Born to Love podcast, building a fulfilling life, Michael Milken's journey and philanthropy, making the research process more effective and efficient, the release of 'Faster Cures: Accelerating the Future of Health' book, childhood memories that shaped Michael Milken's curiosity, learning about polio and vaccination through Elvis Presley's influence, predictions of the end of the world throughout history, the speaker's background and shift in focus due to racial inequality, challenging conventional wisdom and democratizing capital, declining birth rates in northern Asia, Europe, and the United States, focus on Sub-Saharan Africa as a potential region for population growth, long-term decline in birth rates and implications for social systems, advancements in medical technology and early detection of diseases, guest's experience of going to prison and personal growth, communication during separation and challenges faced, Nelson Mandela's belief in letting go of resentment and bitterness, impact of unresolved past experiences on mental health, significant changes in Michael Milken's career and personal life, the speaker's dietary changes and focus on Ayurveda medicine, resistance faced in healthcare and medical research, recognition of gut health's impact on overall health, the power of unconventional wisdom and teamwork, transition of Nestle to a health company, and promising solutions for life-threatening diseases.
Insights
Challenging conventional wisdom leads to progress
Throughout history, people have predicted the end of the world based on conventional wisdom. However, science has always come to the rescue.
The importance of studying patterns for success
The speaker emphasizes studying patterns rather than academic study for success.
Changing birth rates and social implications
Birth rates have been declining for a long period of time, with more children now being born in Sub-Saharan Africa than in Western Europe, Eastern Europe, and Russia combined. This shift has broad social implications that need to be considered.
Advancements in medical technology and early disease detection
Advancements in medical technology now allow for early detection of life-threatening diseases through blood tests. This enables addressing these diseases at their infancy stage, thanks to faster computers and cheaper data storage costs.
Personal growth during challenging times
The guest's experience of going to prison led to personal growth and helping others with education. Despite the challenges of separation from family, the guest maintained philanthropic efforts and interactions with loved ones.
Resilience and focusing on the future after adversity
Having inner strength, comparing personal challenges to previous generations, and focusing on the future are important after experiencing adversity.
The power of letting go of resentment and bitterness
Nelson Mandela's belief in letting go of resentment and bitterness as a path to freedom is highlighted.
Recognition of gut health's impact on overall health
There has been increasing recognition of the connection between cancer and the microbiome, emphasizing the importance of gut health for overall well-being.
Investing in young scientists for breakthroughs
Investing in young scientists can yield significant results over time, leading to breakthroughs in various fields like medicine.
The potential of technology in healthcare revolution
Technology promises solutions for life-threatening diseases and is driving a healthcare revolution. The COVID-19 pandemic has demonstrated the power of technology in accelerating vaccine development.
Chapters
- Introduction to Born to Love podcast
- Building a fulfilling life on The One You Feed podcast
- Michael Milken's journey and philanthropy on On Purpose podcast
- Making the research process more effective and efficient
- 'Faster Cures: Accelerating the Future of Health' book release
- Childhood memories that shaped Michael Milken's curiosity
- Learning about polio and vaccination through Elvis Presley's influence
- Predictions of the end of the world throughout history
- The speaker's background and shift in focus due to racial inequality
- Challenging conventional wisdom and democratizing capital
- Declining birth rates in northern Asia, Europe, and the United States
- Focus on Sub-Saharan Africa as a potential region for population growth
- Long-term decline in birth rates and implications for social systems
- Advancements in medical technology and early detection of diseases
- Guest's experience of going to prison and personal growth
- Communication during separation and challenges faced
- Nelson Mandela's belief in letting go of resentment and bitterness
- Impact of unresolved past experiences on mental health
- Significant changes in Michael Milken's career and personal life
- The speaker's dietary changes and focus on Ayurveda medicine
- Resistance faced in healthcare and medical research
- Recognition of gut health's impact on overall health
- The power of unconventional wisdom and teamwork
- Transition of Nestle to a health company
- Promising solutions for life-threatening diseases
Introduction to Born to Love podcast
00:01 - 08:08
- Ellie Kemper and Scott Eckert introduce their new podcast, Born to Love
Building a fulfilling life on The One You Feed podcast
00:01 - 08:08
- The One You Feed podcast explores how to build a fulfilling life
Michael Milken's journey and philanthropy on On Purpose podcast
00:01 - 08:08
- Michael Milken discusses his journey and philanthropy on the On Purpose podcast
Making the research process more effective and efficient
00:01 - 08:08
- Michael Milken's focus on making the research process more effective and efficient
'Faster Cures: Accelerating the Future of Health' book release
00:01 - 08:08
- Mike's book, 'Faster Cures: Accelerating the Future of Health', is out now
Childhood memories that shaped Michael Milken's curiosity
00:01 - 08:08
- Mike Milken shares childhood memories that shaped his curiosity and questioning nature
Learning about polio and vaccination through Elvis Presley's influence
00:01 - 08:08
- He recalls learning about polio and the importance of vaccination through Elvis Presley's influence
Predictions of the end of the world throughout history
07:41 - 16:35
- Throughout history, people have predicted the end of the world, but science has always come to the rescue.
The speaker's background and shift in focus due to racial inequality
07:41 - 16:35
- The speaker had a modest background and experienced both successes and valleys in life.
- The speaker initially wanted to run the space program but shifted focus after witnessing racial inequality in access to capital.
Challenging conventional wisdom and democratizing capital
07:41 - 16:35
- Studying credit, the speaker discovered that conventional wisdom about credit was inaccurate.
- The speaker dedicated the next 20-25 years to working on democratizing capital and creating financial markets.
- Challenging conventional wisdom has been a recurring theme in the speaker's life, from ulcers to medical problems.
Declining birth rates in northern Asia, Europe, and the United States
07:41 - 16:35
- Birth rates have significantly dropped in northern Asia, Europe, and the United States over the past few decades.
Focus on Sub-Saharan Africa as a potential region for population growth
07:41 - 16:35
- Concerns about future population growth led to a focus on Sub-Saharan Africa as a potential region for children being born.
Advancements in medical technology and early detection of diseases
16:07 - 24:36
- Understanding the rate of change is crucial in various fields like medicine.
- Advancements in medical technology now allow for early detection of life-threatening diseases through blood tests.
- The ability to address these diseases at their infancy stage is much easier now due to faster computers and cheaper data storage costs.
Guest's experience of going to prison and personal growth
16:07 - 24:36
- The podcast host discusses the guest's experience of going to prison in 1990 after pleading guilty to securities violations.
- The guest reflects on how he used his time in prison for personal growth and helping others with education.
- While in prison, the guest continued his philanthropic efforts and maintained interactions with his family.
Communication during separation and challenges faced
24:11 - 33:08
- Communication during separation was different in the past, with limited options like letters and expensive long-distance calls.
- Having inner strength is crucial during periods of separation and limited communication.
- Comparing personal challenges to those faced by previous generations puts things into perspective.
- Resilience and focusing on the future are important after experiencing adversity.
Nelson Mandela's belief in letting go of resentment and bitterness
24:11 - 33:08
- Nelson Mandela's belief in letting go of resentment and bitterness as a path to freedom.
Impact of unresolved past experiences on mental health
24:11 - 33:08
- Mental health issues often stem from unresolved past experiences.
Significant changes in Michael Milken's career and personal life
24:11 - 33:08
- Switching from finance to medical research was a significant change for Michael Milken.
- Receiving a terminal prostate cancer diagnosis was challenging, especially considering his focus on the future and health negligence in the past.
- The death of his father had a profound impact on him, as it was the first problem he couldn't solve.
The speaker's dietary changes and focus on Ayurveda medicine
32:39 - 41:45
- The speaker experienced a significant loss when he couldn't save his father's life from melanoma.
- He decided to focus on reversible actions and changed his diet to only fresh fruit and vegetables.
- The speaker explored different medical practices and decided to focus on Ayurveda medicine, which believes the gut is the second brain.
- He emphasized the importance of taking more action at the beginning of a life-threatening disease diagnosis.
- The speaker drove his cancer burden to zero before deciding to have radiation treatment.
Resistance faced in healthcare and medical research
32:39 - 41:45
- In healthcare and medical research, the speaker faced resistance similar to what he experienced in finance and education.
- Anecdotal evidence showed a link between diet and health, but it was initially met with skepticism in the scientific community.
- Over time, there has been increasing recognition of the connection between cancer and the microbiome.
Recognition of gut health's impact on overall health
1:14:28 - 1:23:28
- "Hungry for History" is a podcast exploring Mexican culinary culture and history.
- "Not Lost" is a travel podcast where hosts try to get invited to dinner parties while exploring different places.
The power of unconventional wisdom and teamwork
1:14:28 - 1:23:28
- Podcast host had conversations with influential people like the CEO of Alex Gorski and Jay, which others couldn't have but could listen to.
- Encouraged action from guests, such as advancing clinical trials.
- Explored how large employers around the world were coping with COVID-19 and protecting their employees.
- Discovered that certain smells, like the seashore and pine trees, seemed to energize the immune system.
- Emphasized the importance of using all senses for rejuvenating the body.
- Shared experiences of encountering unconventional wisdom in various fields.
- Highlighted the significance of teamwork in achieving success.
- Advocated for a focus on healthy humans and a healthy planet.
- Discussed personal dietary changes and challenges faced in adopting healthier habits.
- Addressed issues related to sugar consumption and its impact on health globally.
Transition of Nestle to a health company
1:23:06 - 1:29:40
- Nestle announced their transition to a health company, selling their candy business in the US
- Nestle hired a CEO with healthcare experience and focused on healthy businesses
Promising solutions for life-threatening diseases
1:23:06 - 1:29:40
- Technology promises solutions for life-threatening diseases
- There are currently solutions for 500 out of an estimated 10,000 life-threatening diseases
- The book 'Faster Cures, Accelerating the Future of Health' discusses these topics