He does worry that the current drift toward socialism is hurting America.  He sees the movement to socialism in America not only in our public policy, but in the language of our culture.  "Opportunity" is being replaced by "entitlement",  "business solutions" by "government intervention",  "earnings" by "rights", "let losers die" by "bailout", and "freedom" by "regulation."

A new survey by the National Venture Capital Association paints a grim picture of probable investments next year. Ninety-two per cent of respondents predict a slowdown in US investments compared to 2008, and 61 per cent say the dip will be severe.

“You don’t want to invest a lot of money at the top of the cycle. The challenge is to figure out how long this cycle will last. At Petra, we’re cautiously aggressive. There is still a lot of money out there for companies that are performing well.”