I Want Japan To Think

I Learn From All Our Major Competitors, Whether They're In Or Out Of The U.s. Wells Fargo Is Very Actively, Very Aggressively, And Very Successfully Building Its U.s. Investment Bank.

The Toughest Are People Mistakes, When You Put The Wrong Person In A Job. Sometimes You're Too Slow To Move Them Out. Or Not Getting The Right People Involved To Solve A Problem, Or Doing Something Out Of Anger; You Learn, Just Don't Do That. But I'd Have To Say The Whale Was One Of Them, And I Would Also Have To Put Bear Stearns And Washington Mutual On The List At This Point.

Part Of The Concept Of The Euro Zone Was To Establish A Common Market. The Banks Were Going To Bank Across All Their Countries Like We Bank Across States. But That Concept Got Killed For A Whole Bunch Of Reasons That I Won't Get Into. That Was A Good Concept, By The Way. It May Yet Return, Because There Are Huge Economies Of Scale In Banking. That's Another Thing People Don't Quite Get.

I Was A Normal Human Being, But I Did Like That. I Read A Lot. I Also Liked Math And Science.

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.