I believe in giving back very strongly.

Ive been involved with Carnegie Hall for the last 13 years, and Chairman for the last six. I feel really good about what weve done growing our educational programs there, building a board that has made Carnegie Hall really a world-class institution.

What turned me on then, and turns me on even today - and when the time comes from me to retire from management I think I'd still be interested in it - is that everything that happens in the world affects the price of securities.

The more we can do to create a better society, that benefits more people, the better chance we have that our society will continue to grow and prosper.

And when we used to play and fight in the streets in Brooklyn and I would get hurt or something, my mother would always come out and save me. So that sort of postponed the inevitable about getting a good beating, without having somebody to come and save you.

If we build something great, like we have at Travelers Group so far, a whole host of people benefit.

If a person is not willing to make a mistake, you're never going to do anything right.