Peter Doyle
Peter Doyle
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,
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.
brands companies
Those companies that have brands and that have something proprietary will do well.
companies content disney estimates research walt
We own a lot of content companies, companies like Walt Disney ( DIS : Research , Estimates ).
bring companies deliver focus goes good internet likely people service trying
The big thing about the Internet is really the distribution capabilities, and a lot of what goes on in the Internet is not about technology. It's really about having a proprietary good or service that you can deliver over the technology. And we're trying to focus on those companies that we think have something proprietary that will likely bring people back repeatedly.
companies core cyclical incredibly large pockets quite technology
There's going to be pockets of technology that do incredibly well, ... But the valuation is still being the core of the very large companies are quite high, especially if they're really cyclical in nature.
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,
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,
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.