I chose to start Schwarzman Scholars because I saw the potential for the world to become focused and unhappy with China, in large part because of the populism that was growing throughout the world.

I'm concerned with China growing at double or triple the rate of the West, that there will be tensions. One needs to do something to start addressing misunderstandings and frustration.

Inaccurate analysis produces faulty insights and bad decisions - which lead to losing a tremendous amount of money.

The concept of fair value accounting is correct and useful, but the application during periods of crisis is problematic. It's another one of those unintended consequences of making a rule that's supposed to be good that turns out the other way.

Appeasing Wall Street is to be expected from the GOP who do little to hide their true intentions and their defense of the wealthiest financial institutions and interests.

Jokes apart, people are constantly asking me, 'What are you doing for the industry?' When one makes a blockbuster, you plough back money into the industry. If my film makes 100 crore, I'm not taking the entire sum home! It gets distributed between the exhibitors, distributors, producers and actors.

Teachers, social workers, public lawyers who bring companies to justice, government accountants who try to make sure money is spent as it should be - all need at least four years of college.

When I met my wife, I was focused on making money but failing miserably.