Russia depends on natural resources way too much. Russian economy is not diversified enough

We all use cash in our everyday life, but we don't use hundred-dollar bills. We're not using 500-euro notes. And yet these account for mountains of cash out there. I think they're being used in tax evasion and by criminals of all types.

The Indians and Chinese have become brilliant chess professionals. They get on a plane and play all over the world. This has led to dramatic pressure on incomes. Nowadays, the best chess player in Argentina can no longer make a living playing chess.

Russia exists in the context of open global economy and is a part of it

We Americans are not about to stop borrowing as long as they give us money for nothing.

People aren't looking at how they're doing, but rather at how their neighbors are doing and at their own place in society.

It's quite astonishing how much money people make in the hedge fund business and in the private equity field, and how well-off affluent families really are.