The strength of this country lies in the Declaration of Independence and the Bill of Rights and the freedom of speech and thought.

A lot of the evil in the world is actually not intentional. A lot of people in the financial system did a lot of damage without intending to.

My main concern is with the world order

Proposition 19 already is a winner no matter what happens on election day. The mere fact of its being on the ballot has elevated and legitimized public discourse about marijuana and marijuana policy in ways I could not have imagined a year ago.

These public-private partnerships are very, very dangerous. The most rotten part of the financial system in the US consisted of the government sponsored entities, Fannie Mae and Freddie Mac. They really kicked off this crisis. The state should set the rules and enforce them - but not become involved as a market player.

Unfortunately, the more complex the system, the greater the room for error.

Outperforming the market with low volatility on a consistent basis is an impossibility. I outperformed the market for 30-odd years, but not with low volatility.