Market timing, by the way, is a tag some buy-and-hold investors use to put down anything that involves using your brain. These are the same people who like to watch the locomotive coming and get run down in the name of discipline.

As a professional, you can afford to pick some stocks and be wrong about a few of them. To keep your job, you cannot take the risk of being seen to be wrong about the 'big picture' for very long.

Capitalism does millions of things better than the alternatives. It balances supply and demand in an elegant way that central planning has never come close to.

I like to be right. I try not to miss the big ideas, forget the little ones, and try to get them right. End of job description.

Chinese growth will either be strong or very strong. They have a voracious demand for energy that will only continue to grow. What they're doing... is looking at all forms of energy. They're going ahead very strongly with coal, nuclear, oil, natural gas.

Growing up in New England, being schooled and classically trained, it needed to shake, it needed to evolve.

I do feel like I've changed a great deal, but not anything outside of the norm of what most people experience as they grow and they take on the responsibilities of parenthood and being more engaged in their business and all that stuff. I think it's a pretty natural evolution.

I'm single. I just moved to a new city. I'm sort of starting over. I'm in Los Angeles. I don't really know what my life is right now. It's not what I thought it'd be at 37, and I think a lot of people can relate to that.