Acting Like Everyone Who's Been Successful Is

Companies Are Returning A Lot Of Money To Shareholders Through Dividends And Buybacks. And A Lot Of People Say That's Not A Good Use Of Capital. I Think That's Normal Reallocation Of Capital.

The "third Arrow" (of Structural Reform) Is Critically Important. Japan Has Some Of The Best Companies In The World, And If You Look At Their Technology, Their Capability, It's Extraordinary.

You Would Expect To See That First In High-yield [debt], But It Was In The Most Liquid Thing In The World. So That, I Think - It's A Little Bit Of A Warning That We've Got To Be Prepared And Just Be Careful.

Usually, Something That Is Fairly Expected Is Already Factored In. I Also Think That You Have To Think That America Is Raising Rates Because The Economy Is Getting Stronger.

The United States Has The Best, Deepest, Widest, And Most Transparent Capital Markets In The World Which Give You, The Investor, The Ability To Buy And Sell Large Amounts At Very Cheap Prices. That Is A Good Thing.