Spreuken over Geld

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[Others say cash-flush private equity firms are overpaying for deals.] They have a lot of money to invest, ... There's the risk that there's too much money.
We've had a 15-year bull market. People's belief in stocks as a place to put their retirement money isn't going to die slowly. I don't think the market is going to fall away right away. But I think what it means is there is going to be pressure on (stock prices).
Most of these companies are losing money, ... The ones that don't go bankrupt will be selling for $5 or $10 a share a year from now.
The money that Napster offered they should be offering in individual discussions with individual companies. There isn't an industry license that can be granted and there won't be an industry response to a billion dollar offer.
We always want to spend money as efficiently as possible.