There Are Two Main Drivers Of Asset

I Think The Basic Problem Is That Everybody Thinks They Know What The Truth Is, And Sometimes They're Even Distorting The Truth To Make Their Arguments.

Credit Is A Promise To Deliver Money. It Will Produce Gdp But You'll Create Credit... So You Reach A Certain Point That That You Can't Do That Anymore... There Are Choices. And How Do We Best Support, Apportion The Money? How Much Is Going To Be Transferred?

There Is Slow Growth, But It Is Positive Slow Growth. At The Same Time, Ratios Of Debt-to-incomes Go Down. That's A Beautiful Deleveraging.

To Have An Idea Meritocracy, One Needs To Do Three Things. First, They Have To Put Their Honest Thoughts On The Table, For Everyone To Look At And Everyone To Work Through. Second, They Need To Have Thoughtful Disagreement, By Which There Are Quality Exchanges, In Which There's Open Mindedness And The Realization That No One Has All The Right Answers. And You Can Work Through That And Get To Better Answers Because Good Collective Decision Making Is Better Than Any Individual Decision Making. And Third, You Have To Have Ways Of Getting Past The Disagreements If They Remain.

Life Is Like A Game Where You Seek To Overcome The Obstacles That Stand In The Way Of Achieving Your Goals. You Get Better At This Game Through Practice. The Game Consists Of A Series Of Choices That Have Consequences. You Can't Stop The Problems And Choices From Coming At You, So It's Better To Learn How To Deal With Them.