But we really need to diversify that, encourage entrepreneurialism, and we have done that.

CNN: Transcript of June 'CNN Money Summit: Money & Main St.'

And I think what the real piece is, is how do we diversify that in a little different manner and also find emerging industries, similar to what Chris was talking about, which is how do we lasso some of those to tie that together with the assets and the talent we have here?

CNN: Transcript of June 'CNN Money Summit: Money & Main St.'

But I had again done my homework, and when we were looking to diversify, we studied all of the businesses that survived the Great Depression.

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We diversify now by going after things that are not correlated.

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We need to diversify our energy sources, because there is no silver bullet solution to these price hikes that we see in oil prices.

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We need to diversify as much as possible, and that starts at home with our families first.

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And we need to understand what went wrong in this crisis, that the very financial instruments that were designed to diversify risk across the banking system instead spread contagion across the globe.

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