"Overall, I am for betting because I am against bullshit. Bullshit is
polluting our discourse and drowning the facts. A bet costs the
bullshitter more than the non-bullshitter so the willingness to bet
signals honest belief. A bet is a tax on bullshit; and it is a just tax,
tribute paid by the bullshitters to those with genuine knowledge."
German private equity firm Deutsche Beteiligungs AG said Friday it raised €567 million ($701 million) for its new fund, plus a co-investment commitment of €133 million from the balance sheet of the listed management company. DBAG Fund VI will thus have reached its hard cap of €700 million. The initial target was €650 million.