You are correct Oli, and we see this again in I where he embarrases Tom by saying he's not a wartime consigliere, and when Tom says he'd like to help, Michael says "You're out!" It Vito's kind words to mollify Tom to some extent.
"Io sono stanco, sono imbigliato, and I wan't everyone here to know, there ain't gonna be no trouble from me..Don Corleone..Cicc' a port!"
