Down cycles are not fun. But they form the basis for enormous future profitability

My personal taxes are 53% of my taxable income. That's 36% on the federal level and 17% for state and local.

I'm not feeling undertaxed. Tax reform is an important issue. You have to have an inherent sense of fairness.

It's wonderful to learn about new cultures and to be able to travel easily to so many countries.

I'm concerned with China growing at double or triple the rate of the West, that there will be tensions. One needs to do something to start addressing misunderstandings and frustration.

I don't feel like a wealthy person. Other people think of me as a wealthy person, but I don't. I feel the same as when I was a fifth-year associate trying to make partner at Lehman Brothers. I haven't changed.

Down cycles are not fun. But they form the basis for enormous future profitability