All Quotes

The whole structure of African government, as far back as we know, was based on tyranny. One guy ran the show. Chiefs like Chaka and Mzilikazi committed terrible atrocities. That is the tradition from which modern African rulers spring. It won't change easily overnight. ”

At the age of 12 I won the school prize for Best English Essay. The prize was a copy of Somerset Maugham's 'Introduction To Modern English And American Literature.' To this day I keep it on the shelf between my collection of Forester's works and the little urn that contains my mother's ashes. ”

I'm not a prophet; I can only use historical reality to come to a view of the future, and my view is that Africa will return to being African and not European. The advent of colonialism was foreign to the country itself, but it will return to what it was before the Europeans arrived. ”

As regards to personal safety, you do have to be careful not to put yourself at risk when travelling in South Africa. You don't want to go out exploring at night, for example. ”

I still like TIPS (Treasury inflation-protected securities), and I think a big opportunity is coming in the municipal bond market. ”

Regulations don't solve things. Supervision solves things. If we could figure out that the subprime thing was a train wreck that was coming, where were the regulators? ”

In many critical things, such as the very high purity of the aluminium we need in aerospace, we only have one producer. That's not a good formula. ”

Enforcement is a very important part of the administration strategy. We think that even our friendly nations should live by the rules, and if they don't, we will intend to enforce things against them. ”

The reality is if something were to happen that cost China jobs - like, if they upwardly revalued the currency a lot - those jobs aren't going to come back to the U.S. They would go to Vietnam; they would go to Thailand. They would go to whatever country was the lowest cost. ”

Shipping has a great oversupply of vessels that came from over-ordering a few years back. We think 2014 may be when it turns around. ”