We Invested In The Downturn And We

Japan, Europe, [and] America Probably [are] Better Than Last Year [2015], Not China.

I Hate The Word Universal, Because I Don't Know Exactly What It Means. The Question Is, Does It Work For The Client? Travelers Was A Diversified, Financial Conglomerate That Did Very Well. The Businesses Had Nothing To Do With Each Other.

As Countries Get Wealthier - All Of Them, Together - You're Going To Have Financial Assets. That Is A Good Thing. You Could Argue The Assets Were Traded Too Much, Or That They're Too Highly Valued, Or Too Leveraged.

I Don't Mind Paying Higher Taxes, Because I've Done Quite Well And I'm Blessed To Live In This Country.

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.