All of life is the management of risk, not its elimination.

Human capital will go where it is wanted, and it will stay where it is well treated. It cannot be driven; it can only be attracted.

Capital goes to where it can escape taxation and be used to pay employees in sacks of rice.

Failure is not a crime. Failure to learn from failure is.

A truly global economy, as opposed to the multinational economy of the recent past, will require concessions of national power ... that seemed impossible a few years ago and which even now we can but partly imagine.

Risk is not a dirty word.

It is a maxim of cryptology that what one man can devise, another can unravel. This principle keeps armies of tax lawyers and accountants employed, but adds nothing to our national productivity.