The smarter the journalists are, the better off society is.

We've actually been pretty good on exports. I mean we are exporting 12% of our GDP now roughly.

I don't want to hold out false hopes that the - by some magic moment, that things will turn around in a couple months because they wouldn't, Charlie. I mean, and it's a big mistake to try and mislead people.

There are three kinds of people: 1. Innovators. 2. Imitators. 3. Idiots.

I mean there is no capital requirements to it or anything of the sort. And basically, I said there were possibly financial weapons of mass destruction, and they had them. They destroyed AIG. They certainly contributed to the destruction of Bear Sterns and Lehman. Although Lehman had other problems, too.

I've often felt there might be more to be gained by studying business failures than business successes.

The 19th century belonged to England, the 20th century belonged to the U.S., and the 21st century belongs to China. Invest accordingly.