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.
Nicolas BerggruenCalifornia has something which not every place in the world has: It has what I would call a sunny side, and I don't mean just physically, but the sunny side is a future. California's worth saving, to put it bluntly.
Nicolas BerggruenI don't have a house, and I don't have a lot of time for socializing, so every year I have a party for all of my friends.
Nicolas BerggruenL.A. is very special to me, so far away from my world on the East Coast, Europe, Asia. It's a bit of an island for me - less intense, less busy; because of time difference and location, it has a calming effect. At least it used to be all that.
Nicolas BerggruenEverybody is different and I think that we live in a material world. But for me, possessing things is not that interesting. Living in a grand environment to show myself and others that I have wealth has zero appeal. Whatever I own is temporary, since we're only here for a short period of time. It's what we do and produce, it's our actions, that will last forever. That's real value.
Nicolas Berggruen