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.

Certainly, no studio is going to put its money and its muscle behind something that they don't think they can spin five or six movies out of and build a whole kind of imaginary universe from anymore, I think.

Money doesn't transform a person - the only thing that can is love.

I was never really a Mod. I thought I was more of a beatnik with the brown corduroy jacket, blue jeans, etc. I loved the music Mods liked, and I loved the clothes, but I didn't have any money to spend on them.

After the French Revolution, the world money power shifted from Paris to London. For three generations, the British maintained an old-fashioned colonial empire, as well as a modern empire based on London's primacy in the money markets.