[But he is under such scrutiny that city leadership is largely ineffectual, some local officials say.] If I were a millionaire or entrepreneur I would not come to the city, ... It's a blow to the city whether he's exonerated or not.

Leadership should be born out of the understanding of the needs of those who would be affected by it.

Leadership should be born out of the understanding of the needs of those who would be affected by it. -Marian Anderson.

It is a characteristic of all movements and crusades that the psychopathic element rises to the top.

I think investors have got to be more selective than usual for a few reasons. There's really a broader leadership in the market. There are a lot of finance stocks that are acting great. And that wasn't the case over the last two years to three months ago. This is pretty recent. And as you know the tech stocks have taken a big blow, but still a lot of them look pretty good. So I would spread things out. Finance is my favorite area. I have about one-fourth of total stock holdings there. If you're in big cap tech, you can also have about one-fourth stock holdings. I think if you're in secondary or small cap, probably about one-fifth. Consumer cycles have gotten very choppy. Maybe about 12-to-15 percent of total stock holdings. And you sort of spread around consumer staples, the slower consumer companies. And health care has got some attractive areas, but it's pretty choppy too.

Leaders set the agenda for the future.