Commodity exchanges have a lot of advantages. One, you are helping transparency. Two, they are not political. It's institutional building. It can survive any environment, in theory.

I don't get that much enjoyment out of saying 'I own it.'

I can drive. Let's just say you don't want to be in the passenger seat.

California is a place of invention, a place of courage, a place of vision, a place of the future. People who made California what it is were willing to take risks, think outside convention and build.

Singapore has been incredibly well-managed. It was created out of the swamp, with a strong emotional idea: a safe place for mostly Chinese, but accepting other cultures and other races.

In my teens I was interested in photography. Then I decided that I should learn something about the world of commerce. And I came to America at age 17 to escape Europe. I went to NYU - nothing better than being 17 years old and coming to New York.

Most countries in Africa have the capacity to be great agricultural producers, but they do only subsistence production. So a family will produce for themselves and nothing more. Why? Because of the systems: The markets are not there to go beyond.