I've Always Been A ... Believer In

When You Leave People Behind, And Those People Who Are Left Behind, It's Not Their Fault, It's The Leaders Of The Institutions. There's Always Going To Be An Elite. You Can Have An Elite In A Communist Society. It Is The Leaders, Something Went Wrong, And The Leaders Collectively Are Responsible.

Just Because We're Stupid Doesn't Mean Everybody Else Was.

My Guess Is The Big Chinese Banks Will Be In 100 countries By Then. They Will Have Very Sophisticated Operations, And They May Very Well Have Bought Banks Around The World In Countries That Allow It. I Mean, I Don't Think The American Government Would Allow Them To Buy Jpmorgan. But They Will Be Able To Buy A Sizable Big Bank In The U.s. At Some Point. Whether They Do Or Not, Or If It's Allowed Or Not, I Don't Know.

The Term "too Big To Fail" Must Be Excised From Our Vocabulary.

I Hate The Word Universal, Because I Don't Know Exactly What It Means. The Question Is, Does It Work For The Client? Travelers Was A Diversified, Financial Conglomerate That Did Very Well. The Businesses Had Nothing To Do With Each Other.