In the past, sticking to its core business was seen as Munich Re's strength.

ECONOMIST: Insurance

So long as the oil-fired band keeps playing, most Russian banks are cheerfully sticking to their core competences: asset shuffling, kickback lending, capital flight and money laundering.

ECONOMIST: Russian banks

But in most cases, I think I have a better chance at limiting risk (and ideally boosting returns) by sticking with open-end bond funds like DoubleLine Core Fixed Income (DLFNX), DoubleLine Total Return (DLTNX), Thompson Bond (THOPX), PIMCO Income (PONDX), and PIMCO Foreign Bond US Hedged (PFODX).

FORBES: Five Reasons Bond Funds Are Better Than ETFs

So, yes, the answer is his approach is an approach that has at its core the idea that you need to be open-minded about ideas while obviously sticking to your principles and willing to compromise.

WHITEHOUSE: Press Briefing