Private-equity nabobs bristle at being dubbed mere financiers.[…]Much of their pleading is public-relations bluster. Clever financial ploys are what have made billionaires of the industry’s veterans. “Operational improvement” in a portfolio company has often meant little more than promising colossal bonuses to sitting chief executives if they meet ambitious growth targets. That model is still prevalent today.

Pat told me once at their house that I should not play badminton because I might fall. She, who rode horses every day of her pregs!

Everyone loves some junk food some of the time. That's why there are more than 140,000 fast food restaurants in the U.S.

Bill was 404 all morning.