You're issuing 13 percent of Disney (stock) to buy a company that has a good record but a small company. I'm in the camp that says it may not be that necessary.

What we look at is basic fundamentals, looking at cash flow, looking at a franchise, so when a company has a solid business in a local marketplace, with a good customer base, we like that. It's very simple to understand. Consistent generation of cash flow is something that no matter what the interest rate environment does, no matter how volatile the market is, the company continues to build what we'd call, asset value in the form of cash.

How do you make money? Spinoffs, split-ups, liquidations, mergers and acquisitions.

How can you allow the trading companies to locate computers closer to exchanges and flash millions of bids to give an unfair advantage?... Even professionals are losing faith in some aspects of the system.

The free market is at its best when everybody works in a fish bowl and tells you their point of view... The hedge funds and portfolio managers have a right to do this... We've muted the analysts and their presence in the system.

I have to echo the comments of those who would argue this plan is dead on arrival. It's got no zip to it. We need to see something else.