Nobody is going to invest in the Italian banks unless they trust their balance sheets.
Daniel Tarullo has more power of the U.S. banking system than anybody since Alexander Hamilton. That's not an exaggeration, by the way.
What value does cryptocurrency actually add? No one's been able to answer that question for me.
The cultural issues, I think, at Wells Fargo went very, very deep. They have to unwind these cultural issues.
If you ever had the misfortune of reading all 2,000 pages of Dodd-Frank, which I have done - and it almost killed me - basically, all it does is create a list of all the things it wants the Fed to fix.
Elon Musk is a very, very smart man, but there are a lot of smart people in this world, and you've got to execute. He's got execution problems.
Financial innovation is an oxymoron. It's very rare that there is something that's actually financial innovation. It's a euphemism for hiding leverage.
I've always felt there was something wrong with Wells Fargo's culture, for a very, very long time.
The one stock in my portfolio which I say hasn't worked yet but has the potential for a big home run is General Motors.
Do your own homework. I can't overstate the importance of this.
The only thing that I know for sure is that the people who invest in the U.K., those investors, believe strongly that the ramifications of a hard Brexit are very bad, and they believe that a recession will take place in the U.K., and that would clearly be negative for banks of the U.K.
The world needs more standardization, less innovation.
