Quote of the Day

An LP yesterday said the following to me, in regards to KKR’s serial overpricing prior to the credit crunch:

“KKR could be the 2007 version of Hicks Muse.”

Brutal, but I guess it could be worse, since Hicks Muse is improbably back alive and kicking (albeit without its more successful European affiliate). He could have told me that KKR would be the Forstmann Little of 2007…