Peter Doyle
Peter Doyle
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.
We think the valuations still can not be justified.
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,
assets billion buyer cash distressed flow generates great last pick prices resort warren
Berkshire Hathaway sits on $45 billion of cash and generates about $5.2 billion of cash flow annually, ... Berkshire and Warren Buffett have really become the lender of last resort or the buyer of last resort of many assets. And I think he's going to pick up great assets at very distressed prices going forward.
dominant financial national players
(Fidelity National Financial is) one of the dominant players in the industry,
commission companies funding life paying policy risk taking
There had to be a different way of recognising and paying commissions, and now the life companies will be taking the risk of policy continuation by funding commission streams,
allow clients commission decide policies resolution structure switch waiting whether
We are waiting for the resolution of the new commission structure before we decide whether or not to allow our clients to switch from their old policies to new policies.
expand felt management needed plans team
We had plans in place to expand the management team and he felt he needed to do something on his own,
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.
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,
brands companies
Those companies that have brands and that have something proprietary will do well.
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.