Peter Doyle
Peter Doyle
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.
dominant financial national players
(Fidelity National Financial is) one of the dominant players in the industry,
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.
bottom hit markets months move safely testing time work
It's still going to take some time for us to work through what's been testing the markets for months before we can safely say we've hit a bottom and are set to move higher.
erosion focusing investment likely list margin names pan permanent pieces reflect safety sustain
All those names on that list actually reflect kind of a margin of safety where even if the investment pieces don't pan out, you're likely to do well or not sustain a permanent erosion of capital. So that's what we've been focusing on,
asset chances clearing federal financial intentions interest known level prices raise reserve volatile
The clearing prices for any financial asset is the level of interest rates, and the Federal Reserve has let its intentions be known that they're going to raise rates. So chances are it's going to be a volatile market.
continue distinct last
If other equities continue to deflate, which is a distinct possibility, Berkshire Hathaway could become the lender of last resort.
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.
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.
card company credit few physical
A credit card company is really just a computer. There are really few physical limitations to growth.
collection cost focused improved investment largely management performance premium quality resulting several terms
Operational efficiencies resulting from management interventions over several years, in terms of improved cost management, better quality of new business, more focused premium collection and more competitive investment performance in particular, are largely responsible for this incremental value-add for stakeholders,
asset company content discount globally likely media net occur trades
is likely to occur globally and this company has the media or the content that's going to be distributed and it trades at a discount to its net asset value.
companies content disney estimates research walt
We own a lot of content companies, companies like Walt Disney ( DIS : Research , Estimates ).
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,