I learnt not to be desperate in bad times and am learning not to be bullish when times are good.

We have been told many times that we have become too big, but these are things that only someone who has no idea of the size of the competition can say. We are too small.

As long-term business builders, we invest our permanent capital and deploy management skills in support of talented leaders and companies with global potential.

It's my experience at Fiat and, now, Fiat Chrysler Automobiles that when there is a very strong CEO, it's a good thing to be chairman.