Earnings will be a lot more resilient than everybody thought. Companies are much better prepared. I'm quite happy. |
The Internet is a strong platform for retail, not just Amazon. Everybody is taking a look at retail sales. |
There's no cuddle corner anymore, and Germany is adapting to what's already common in Anglo-Saxon regions. It's surprising how quickly this has been happening. |
We're hoping that new management will be able to improve things but it won't happen overnight. DaimlerChrysler is a tanker that can't be turned around immediately. |
We've long held to the theory that the valuation gap between the U.S. and Europe would pay off for investors. But the very good times are over. |