I think a very good system in a world with a lot of passive investors is one in which there are at least a few entrepreneurial investors, prepared to say what they think, prepared to propose a change in management, change in strategy, change in cost structure, capital structure.

I think good private equity investors create a lot more economic value than they destroy.

I think the hedge-fund industry has taken a reputational turn for the worse, this dog-eat-dog stuff. I'm not just talking about Herbalife or J. C. Penney, but in other situations where the media really focuses on who's long and who's short. I don't think it's a good thing for the industry.

I don't think a lot of people have been entrepreneurial about venture capital.

I am always prepared to do the right thing regardless of what other people think.

We think it is a great plan and we're very supportive of the company and management and look forward to the execution of their program.