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 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 Berggruen