Peter Doyle
Peter Doyle
internet learn people savvy straight
As more people get on the Internet and they get more savvy and learn how to use it, they'll just go straight to the brands,
business change execute five fortunes generally three time
A company's fortunes generally don't change over a month's time or so, ... We want them to be able to execute their business strategy, and we give them at least three to five years.
advertising cable commerce food garden home increase internet using
They own two very fast-growing cable stations: Home and Garden and the Food Network, and their using the Internet to increase advertising and also have some commerce from that,
bear kinds market seeing short summer typical
We're seeing a rally, but it's a summer day and it's typical of a bear market to have these kinds of sharp, short rallies,
almost costs double eliminated five gold interest internet issue itself legs maybe metal opportunity owning portfolio rates six standing stocks supplies technology yesterday
If the metal itself were to double from here, because there's really no supplies in gold stocks, the gold stocks could actually make the technology or Internet stocks of yesterday look like they were standing still So, I think the real issue was the opportunity costs of owning gold in the past, ... That has come away or it's been almost eliminated because the interest rates are so low. So I think every portfolio should have some exposure, not to go crazy, maybe five or six percent, but I think it has a play and I think it still has a lot of legs left.
We think the valuations still can not be justified.
dominant financial national players
(Fidelity National Financial is) one of the dominant players in the industry,
companies content disney estimates research walt
We own a lot of content companies, companies like Walt Disney ( DIS : Research , Estimates ).
coming phone provide satellite three
There are really three technologies that are going to provide broadband. It's going to be cable, satellite and DSL, which is coming over the phone lines,
brands companies
Those companies that have brands and that have something proprietary will do well.
barrier companies create general highly invested poor retailing returns unless
Retailing in general is highly competitive and most companies have very poor returns on invested capital. Unless you create a barrier of entry, you're never going to see very big returns.
affordable commitment economic genuine given health income investment leading lower ongoing provider savings solutions within
Our objective, which is to become the leading provider of affordable risk, health, savings and investment solutions to lower income earners, is well within our capabilities given our ongoing commitment to genuine economic empowerment.
continue distinct last
If other equities continue to deflate, which is a distinct possibility, Berkshire Hathaway could become the lender of last resort.
basis buy capital continue exploring levels market ongoing present review shares themselves ways
We review our capital levels on an ongoing basis and will, where appropriate, continue to buy back shares through the market as opportunities present themselves while simultaneously exploring other ways of effectively deploying capital.