Possessing a powerful worldwide brand is essential for sustained success.

When the president of the United States goes out at, you know, 8:00 o'clock in the morning and then his own party votes gets him 2 to 1 in the house, you know that somehow a message isn't getting out. It takes real leadership.

We have usually made our best purchases when apprehensions about some macro event were at a peak. Fear is the foe of the faddist, but the friend of the fundamentalist.

Does the business have favourable long term prospects?

My idea of a group decision is to look in the mirror.

You can't help some increase from this point. I don't want any viewer to go away think a magic wand exists in Congress. So they're going to see some more bad news. But if we do this, we're doing the right thing.

In my view, [the trade deficit] will create political turmoil at some point...Pretty soon, I think there will be a big adjustment.