Whenever you have a crisis, you're always going to have the extremists taking advantage of the situation.
One big mistake that we made in Delhi is that we made it a low-rise city which means that rich people have nice green colonies while the poor live in dusty areas.
Whenever we try something new, mistakes will happen. Seemingly good ideas will fail and need to be re-thought.
Like many free market economists, with whom he had little else in common, Nehru seemed to believe that people will find a way to get their children educated.
Sometimes economists are right, and sometimes economists are wrong.
New York as an industry is the best city for real estate. You're in a very transparent market. If you need to liquidate, you make three phone calls and you could sell something, even in the worst market. It is also less forgiving; if you make a mistake you can lose money.