How Important Is It to Pay Reasonable Multiples for These Businesses?

It took you from 2000 all the way to looks like 2015 so 15 years to basically Break even and actually make money. It's just a good illustration of how important it is To pay reasonable multiples for these businesses, right? The number that you get in terms of what you think would be the right price for something usually is too low on both the upside and the downside. Usually things will fallMultiples will contract more than they should more than the averageMore than normal when people are pessimistic or optimistic.