If you erased New York, I hate to say it, if you erased Frankfurt, even London, the world would not have changed.
Nicolas BerggruenMost 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.
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 BerggruenCommodity 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 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