<<However, another point repeatedly made in the biography is Mr. Buffett's constant
desire (based on boyhood dreams of owning a toll booth on a highway near his home)
to own businesses whereby the owner would exact a small toll from each customer (as
long as there were millions of customers and thus millions of small transactions). >>
So applying this to technology stocks, which stocks do you think
will extract this small toll millions of times?
AOL comes to mind, since they extract a toll for each online
shopping transaction. Credit card companies also get a % of
a transaction. Brokerage firms, telephone companies,
online bill payers (Checkfree), online content aggregators
like Yahoo, AOL, Excite, etc. Microsoft (with their Expedia,
Carpoint, etc websites). Help me out here. I can't see
Ascend in this position since their products are sold as
the toll booth turnstile, but the toll doesn't go to Ascend,
the equipment maker, it goes with the transaction or content.
Actually I think this is an interesting topic (although OT here).
"Tech Stocks the Generation-X Buffett Would Buy" |
