At Travelers, we were much more opportunistic. It was very successful, but it wasn't an integrated financial services company. We had a property casu….

I do want the tax system to be efficient and be conducive to growth, which it is not..

Their [American banks] big issue will be if they want to deal with the biggest companies, which are doing a lot of business overseas. How they do tha….

Don't do anything stupd. And don't waste money. Let everybody else waste money and do stupid things; then we'll buy them..

I've always been a ... believer in good regulation..

Part of [Japanese companies] growing and expanding around the world is ... going to help the Japanese keep their lifestyles [despite Japan's] demogra….

I'm not going to name anybody, but I think there are about five to 10 global institutions that will emerge as our primary competitors across the boar….

We don't think there are cases where people were evicted out of homes when they shouldn't have been..

It's moderate growth, with some parts of the world better than people think, and better than last year [2015]..

The best way to look at any business is from the standpoint of the clients. So there are these certain basic things that aren't going to change. Comp….

No one has the right to not assume that the business cycle will turn! Every five years or so, you have got to assume that something bad will happen..

You've seen certain credit type products that are going to be in nonbanks, like sophisticated CLO [collateralized loan obligation] tranches and stuff….

But in general, as countries get wealthier, there's going to be more savings, which means you're going to have intermediation. So part of it is just ….

We do all that [ represent companies], because we have a lot of research in Japanese companies, and that research educates investors around the world….

Dodd-Frank is 2,000 pages long. It covers thousands of rules, regulations, interpretations and things like that..

When you walk into a store and you want to buy something, you give them cash and they sell it to you. But very often, you walk into our "store" and y….

If you look at the banking business over many years, it's always been a huge user of technology. This has been going on my whole life, that people ha….

The "third arrow" (of structural reform) is critically important. Japan has some of the best companies in the world, and if you look at their technol….

I always tell people, "There's a book on everyone." I get some of that book before I do anything. If I want to deeply understand someone's reputation….

There are parts [in Dodd-Frank] that I don't agree with. But, in total, it is what it is..

If you're making all your money simply betting on interest rates, that's not a business. Flow is a business. On the outside, they look the same for a….