We continued to build the business, even in the worst of times. We do business all over America.

The goal of what Japan's central bank is doing is to create growth. If it actually creates growth, in the long run, it will lead to appreciation.

Now the Japanese companies are more focused on that. To have two independent directors - I think it's good to have outside people look at you and think of what you could be doing better. Those are voluntary, but most of the companies told me they're going to do it. And I think it's good for them to say our returns on equity, for example, should be higher. Also, I think some could be more ambitious.

Businesses can be opaque. They are complex. You don't know how aircraft engines work either.

We did not anticipate the political fallout from it. We definitely didn't need it and we paid it back the first day we were allowed to.

[That is] hard to predict, [it] could be either September or December [2016] I personally think the sooner the better because that would be a good sign that the Fed believes the economy is significantly stronger.

We invested in the downturn and we never stopped serving our clients.