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.

I believe it's a good thing that people say, "Can we find a way to live together in peace?" And they did, for the most part.

The economic union - creating a big common market, like the United States, so that you can compete across borders. There are common rules, regulations, and simplification, and that is still a good reason, too. When they put their monetary union together, that created a rigidity that made it hard for currency fluctuations. They don't really have a solution to that.

It's hard in all countries. Democracy is hard, but it's better than the alternatives.

If you have the choice, it's far better to say, "That person has the job, and they really don't need that much of my oversight." Maybe they don't need any of it.

Our plate is full. We have a lot to do building our company organically and that is our key focus.

No one has the right to not assume that the business cycle will turn! Every five years or so, you have got to assume that something bad will happen.