We have built a very good company, and we're proud of it. We also recognize that much of it has been built on the shoulders of the thousands of employees and leaders who have worked here before us.

Abenomics, quantitative easing, fiscal policy - we know all the issues.

We have a lot of people who are Republicans, a lot of people who are Democrats, and it's not just because of business reasons.

I don't think you could have a banker serving in a major role in Washington in the next 10 years. I just don't think it's going to happen - it's just not politically feasible - so I don't spend much time thinking about it. Do I think I could do a good job? Maybe. It's possible.

I want you to say to me right from the start, "We are here to serve customers. We're not here for me to make a lot of money. We're not here to bet on interest rates or credit spreads. We are here to serve our customers really well over a long period of time, and that's how you build a successful business." And so I want to see that, too, you know?

Don't do anything stupd. And don't waste money. Let everybody else waste money and do stupid things; then we'll buy them.

I think normalization is a good thing.