In the 1920s, Wall Street was a world that was really dominated by professional speculators and stock pools. These people had a monopoly over information.

That strategy of buy and hold, which is the sound and sensible one for the individual, can have very dangerous and perverse effects for the market as a whole.

Mutual fund managers are trapped in this rather deadly vicious circle: the more successful they are, the more money flows into their mutual fund. Then, it is more difficult for them to beat the market averages or even to match their own past performance.

What I find very interesting about the mutual funds managers is that here are people who are the new masters of the universe. They're managing billions, yet they're subject to this quiet daily tyranny of numbers.

I don't just come from a musical family, but from a musical community.

Because my home life was nuts, I didn't look to my parents for help. I looked to my teachers. They made me who I am. They took on a parental role. They're like celebrities or heroes to me.

I'm often asked if I regret not going to Hollywood. I'm glad I didn't go, because if I had I wouldn't have my extended family, which is the fabric of my life. Only recently have I realised how special and unusual it is.

I have a great family and great friends, and I think that they'll keep me grounded.