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.
More Quotes from Peter Doyle:
We own a lot of content companies, companies like Walt Disney ( DIS Research , Estimates ).Peter Doyle
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,
Peter Doyle
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.
Peter Doyle
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,
Peter Doyle
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.
Peter Doyle
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