I think that what we leave behind us is extremely important. I therefore spend a fair amount of time on the charitable front, and someday I hope to spend more time on it.

When governments are selling, you should be buying. And when governments are defaulting, we should look at that as an opportunity.

The private equity world is a relatively small one. There are currently probably a few thousand professional jobs worldwide. In private equity, that's probably about all there is. So in the scheme of things, the firms are all relatively small.

Being a good private equity investor is more complicated than it seems. I would say that there are a few characteristics that are important. If you look at the skill set that you need to ultimately be a successful private equity investor, at least at the senior level, you have to be, in this business, a good investor. You have to be able to help companies perform and you have to have judgment around exiting investments. If you look at the skill sets there, they include some things you can teach and some that you can't.

A good default, like Portugal or Greece, would be very good for the private equity business.

Generally speaking, you like to dance with the girl that brung you, and if you can't sometimes you have to shoot her.

Prices are always lower when the troops are in the street.