If you're not exposing yourself to a non-consensus view somehow over the course of a day, you can reject them, but you should expose yourself to them.

I think people sense that - that there is something not right about that equation [in the USA].

John Cryan and I worked together at UBS, and I think John is one smart, hardworking individual, and I wouldn't bet against John. I wish him well.

The investing public understands that you need to do things to position yourself.

I don't want to pick on Deutsche Bank, but I think the world of the regulated financial conglomerate, it is a strange thing. There is nothing in common between writing checks and running branch offices, issuing credit cards - those are good businesses, but they really have zero in common with M&A advice. They're a different customer.

Without going too deep, without globalization I am not sure everyone would be able to have a supercomputer in their pocket at the low cost.

In most industries, technological change is happening at a rapid rate.