Tuition, housing fees, even textbook costs are difficult to meet these days. Why Congress feels the need to cut student loans and drag our faces in the mud, I do not know.

Everybody’s wondering who’s going to be next.

It’s no longer a case of just getting bigger – it’s more about a focus on core competency – what we can do best.

There are opportunities that are exploding in overseas markets.

A world conference in 100 days time could agree to the principles of ATT to control international arms transfer and India can be a key influence at the UN conference.

This would be the capstone of this grand project of Chip’s, to transform what was a regional brokerage into a global asset-management firm.

Japan has huge potential. (But) tapping that potential is a long exercise that will take years, if not decades. It will be expensive.

The industry has been looking to see who’s going to go first. If this happens, you can expect Merrill and Morgan Stanley to do something similar.

They’d inherit $500 billion and obviously have to go in with a fire ax,

These spots are theirs, … They’ve got to beat them out for them.

The tree itself just has this glow about it. You can tell it’s significant when you approach it.

The last time I was in there I kind of apologized to the tree for taking the core, and just told it how important I think it is. I don’t want other people to go...