The Future of Acquisitions - Predictions for the Next Year

In terms of where this market is kind of going. As we were recording today, the broad markets are kind of trying to figure out, are we going into a recession? Are we in a recession? Where do you think just acquisitions in general are going to be headed over the next year?

I looked at this once back when I was a vc, and there's a pretty significant delay between the public markets and the private markets. Like 18 months before things really start to turn, just because there's a lot of dry powder out there. But I wouldn't say we've seen multiples change that much.