“Investors have few spare tires left. Think of the image of a car on a ...” — Mohamed El-Erian Quote

“Investors have few spare tires left. Think of the image of a car on a bumpy road to an uncertain destination that has already used up its spare tire. The cash reserves of people have been eaten up by the recent market volatility.”

“Falling entry barriers and lower access costs have significantly democratised participation, whether in production or consumption.”

“Because in the New Normal you are more worried about the return of your capital, not return on your capital.”

“I spent some time studying Toyota, because how could a loom maker - they made looms. That was their business for 50 years, 35 years - and then they decided to go into the car business after everyone else was in the car business.”

“I think any carmaker that had a brain and was looking very long-term would think about 'Personalised Transport Solutions' - which may not be a car.”

“I've always been attracted to cars, and driving is a completely measurable experience: if you qualify last on the grid, you're the slowest, and if you qualify first on the grid, you're the fastest. So no one can say you're slow if you're fast and no one can say you're fast if you're slow.”