The fundamental starting point is to acknowledge that outside actors can rarely create peace, local ownership in resolving the conflicts is vital. You cannot import peace, it is created within society.

We tend to see two scenarios that come up time and time again. The first and most common scenario is that security prices become inefficient or show large departures from intrinsic value when there are few investors paying attention to the company. The second is a crisis situation. Uncle John always had a desk-plate in his office that said 'trouble is opportunity' and that's very much how we see the markets.

Small hedge funds do better than big ones... big hedge funds did better when they were small... therefore the industry did better when it was small... That third step in the logic is something that investors don't spend a lot of time thinking about because there's nobody around to point that out to them!

I am not a big fan of the word hope, I am a big fan of the word determination. Being determined is a moral position, when you are depend on the word hope you are lazy.

Even when I reached the top, I never forgot where I came from. I wondered about the millions of my fellow countrymen who didn't have the chance I got and continued to languish in poverty.