If You Can't Use Dividends, It's Not

Part Of The Reason Some Japanese Companies Have Underperformed Financially Was Corporate Governance And Board Structures.

We Do All That [ Represent Companies], Because We Have A Lot Of Research In Japanese Companies, And That Research Educates Investors Around The World. It Allows Us To Sell Stocks And Bonds In Japanese Companies.

Economies Of Scale Are A Good Thing. If We Didn't Have Them, We'd Still Be Living In Tents And Eating Buffalo.

Look, Every Institution Will Make Mistakes. I Acknowledge We Make Mistakes, And They Can Hurt My Reputation And Our Company's. But You Also Must Be Willing To Let Go A Little Bit, Trust Others, And Not Always Be So Stringent, Provided You Have Robust Controls.

If The Economy Grows, Housing Gets Better, Quicker.