Innovation is the central issue in economic prosperity
The essence of strategy is choosing what not to do.
Europe was suffering from a competitiveness crisis.
Now, there's more value to be unleashed.
We have to assume that Europe has more legs. As long as we have those pillars, we would expect an upward trend.
In the future, ... buying a single country fund will be akin to buying an Iowa fund or a Massachusetts fund.
Companies operating in urban communities have a tremendous ripple effect.
It's sobering. It suggests that there are relatively few inner cities that are thriving in the sense of job growth.
Investors need to do the same degree of comparison shopping they would normally do when choosing between funds, which means digging into things like expense ratios, historical performance and holdings.
It is a real disappointment to see us make so many mistakes. The mistakes cost us the game. We were prepared, but mistakes cost us.
Strategy 101 is about choices: You can't be all things to all people.
Billions are wasted on ineffective philanthropy. Philanthropy is decades behind business in applying rigorous thinking to the use of money.
Change brings opportunities. On the other hand, change can be confusing.
The ability to change constantly and effectively is made easier by high-level continuity.
The underlying principles of strategy are enduring, regardless of technology or the pace of change.