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.

I decided to create a sports club during the Soviet times. It was my dream.

I missed being considered an athlete and having that competitive drive, and missed having something to work for every day. I'd taken two and a half years away from the sport and was out of shape. I wanted to get back to where I was in 2008.

We've got our football where no one wears anything and the guys are in little shorts and they beat the crap out of each other, and they can catch it and they can kick it, and it's the only place it's played in the world.

Sport is a universal language, building more bridges between people than anything else I can think of.