You know, Saudi Arabia has a lot of poverty also. Regardless about what you hear about the viceroy and people being rich, et cetera.

I definitely believe that the so-called American decline is greatly exaggerated.

So, if you look at what's common among some of the companies I have, including the Four Seasons, NewsCorp, George V, the Plaza, these are all irreplaceable brands in their own fields.

One of my biggest personal holdings is Rotana. That company has a very dominant force in the Middle East. It has around 45% of all the movie industry and around 75% of all the music.

Our Palestinian brethren continue to be slaughtered at the hands of Israelis while the world turns the other cheek.

Most governments are pragmatic, most people are logical. There are pockets of extremism in Israel, in the U.S. and in the Muslim world. But we have to fight them with reason, with logic and with compassion.

Some countries, like Saudi Arabia, where the population growth is very high, whereby you don't have the mortgage low yet. Still the demand outstrips supply by much.