Some people who are creative are not reliable and vice versa; some see big pictures while others see details, etc. All of them are important to have on well-orchestrated teams.

I don't get caught up in the moment.

When growth is slower than expected, stocks go down. When inflation is higher than expected, bonds go down. When inflation's lower than expected, bonds go up.

Watch out for people who think it's embarrassing not to know.

There is slow growth, but it is positive slow growth. At the same time, ratios of debt-to-incomes go down. That's a beautiful deleveraging.

Constantly probe the people who report to you, and encourage them to probe you.

When you think that it's too hard, remember that in the long run, doing the things that will make you successful is a lot easier than being unsuccessful