While at lunch today with Ryan, we began a discussion about the debt markets (not good) and how this might affect private equity shops. I had heard rumblings from my hometown of Detroit that Cerberus Capital might be a little light in the cash flow department with respect to its investment in Chrysler.
It was at that point that I admitted to Ryan that I really didn’t know how to correctly pronounce the name "Cerberus" and asked for a little guidance. Ryan, being the ultra-nerd that he is (and I love him for it) began to tell me that Cerberus was the name for the Hound of Hades. Cerberus stood at the gates of hell with its three heads and guarded the place.
Which led me to the question of "who exactly are they trying to keep out of Hell? If there was one club that I thought would always offer me membership, it was that one."
Ryan didn’t know the answer. Now I know how his son, Quinn, must feel. If you know the answer, please let us know.