Peter Doyle Companies Quotations

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.

Those companies that have brands and that have something proprietary will do well.

We own a lot of content companies, companies like Walt Disney ( DIS : Research , Estimates ).

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,

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.

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.