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

ECONOMIST: Insurance

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