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.

When you become a professional, there is all this other stuff you have to do. That part is the job, capital J-O-B. They're very different things, but they're all part of the same career. Once you get onstage and you get to perform, that's your reward for doing your job.

I have a philosophy that has guided me throughout all of my scientific career, and that is, I think of myself as a fairly thoughtful person. I don't go into projects impetuously, and I try to select important problems.

I have long been puzzled by the entrenched mentality, and often enforced practice, of longer work hours and less sleep. Innumerable policies exist within the workplace regarding smoking, substance abuse, ethical behaviour, and injury and disease prevention.

When my dad walks into a room, he takes over the room, not because he's trying to, but because there's a respect of a lifelong career, and there's an energy coming from him. He is the alpha male in the room.