I have millions of dollars, and I don't know finance. I've had some bad things happen in my career. I've got to educate myself. I sit down with my finance guy once a month and go over everything, line by line.
Financial literacy is an issue that should command our attention because many Americans are not adequately organizing finances for their education, healthcare and retirement.
If you look at Citadel today, that's really - the founding principle of the firm is a real pursuit of talent, a pursuit of people who have a passion for finance, and a pursuit of individuals who make good decisions day in and day out.
There's a big difference between France and the U.S. In the U.S., immigrants must work to live. In France, they're taken care of by public finances. In France, there are millions of unemployed people already. We cannot house them, give them health care, education... finance people who keep coming and coming.
The way we finance homes in this country is slow, filled with middlemen, who run a nonstandardized evaluation process. This makes financing a home cumbersome and difficult.
But having said that, what's happening with campaign finance reform and our political culture is devastating.
Under capitalism each individual engages in economic planning.
Wall Street has too much wealth and political power.
The job of the Central Bank is to worry.
The only way to permanently change the temperature in the room is to reset the thermostat. In the same way, the only way to change your level of financial success 'permanently' is to reset your financial thermostat. But it is your choice whether you choose to change.
As a public official, when I take a position, I stand up to explain and defend it. I file annual financial disclosures, campaign finance reports, and have to face the scrutiny of public opinion.
What was once a fringe idea - finding a way to use the record levels of overseas capital to finance new projects in the United States - is now mainstream. The support is there; we just have to work out the details.
If you're running an engineering or finance company, all companies depend on ideas and ingenuity. I think the principles of creative leadership apply everywhere, whether it's an advertising company or whether you're running a hospital.
The way to make money is to buy when blood is running in the streets.