Europe is very critical to the United States in the sense not only do we have a fourth of our exports there, but more importantly, a significant proportion of the foreign affiliate profits in fact, half of U.S. corporations, are in Europe.

Fear and euphoria are dominant forces, and fear is many multiples the size of euphoria. Bubbles go up very slowly as euphoria builds. Then fear hits, and it comes down very sharply. When I started to look at that, I was sort of intellectually shocked. Contagion is the critical phenomenon which causes the thing to fall apart.

Diplomacy is really far less important than the stock movements within Russia.

People don't realize that we cannot forecast the future. What we can do is have probabilities of what causes what, but that's as far as we go. And I've had a very successful career as a forecaster, starting in 1948 forward. The number of mistakes I have made are just awesome. There is no number large enough to account for that.

There is no teacher, living or past, who can give us the actual understanding of Truth. A teacher can only put our feet upon the path and point the way. That is all. It is wholly dependent on the individual to make his way to Truth.

Most of my teachers wanted to send me to the principal's office. But my fourth-grade teacher once put her arms around me and said, 'You sure write well.' And I've had good penmanship until this day. She was the only one who ever said anything nice to me. That's the kind of motivation that students need.

There were times, especially when I was traveling for 'Eat, Pray, Love,' when, I swear to God, I would feel this weight of my female ancestors, all those Swedish farmwives from beyond the grave who were like, 'Go! Go to Naples! Eat more pizza! Go to India, ride an elephant! Do it! Swim in the Indian Ocean. Read those books. Learn a language.'

The principle goal of education in the schools should be creating men and women who are capable of doing new things, not simply repeating what other generations have done.