larry paige won't be starting a search engine, the next bill gates won't be starting an operating system, and so in some sense you cannot copy them because they did not copy somebody else. emily: you also suggest that they come up with one very important truth that very few people agree with you on. why is finding something that nobody agrees with you on the best way to get somebody to believe in you? peter: i think great companies, they have a sense of mission. they have a sense of where a good inventor has a patent and has good technology, and that is the best kind of business to have. emily: you say google is a monopoly? peter: it obviously is. they do not talk about the 98% of revenue that comes from search, which is where they have a monopoly. they have had to focus on all these other areas. ebay has a monopoly in the auction space. amazon has a monopoly of scale in e-commerce at this point. emily: is facebook a monopoly? peter: i would argue it is not as robust a monopoly as google at this point, because there are other places that pop up in the social networking space every
size, there are plenty of ceos that have bigouts, larry paige, barry dill lard, they are great ceos and they haveouts. you can find kparms on both sides, but, yes, this is -- the timer of this is a little tough for shareholders. >> does it matter what percentage of wealth they're spending on a ferrari or a yacht? if it's a drop in the bucket it shouldn't make a huge hf chunk. >> but 40 million of 640 million is pretty big. >> one thing to buy a yacht when you're worth $2 billion. >> you design theseouts, they call it the big house indicators. they keep -- i don't want to block melissa. they keep, you know -- now i'm all screwed up with my thoughts. >> it's a distraction. >> what color carpet and then you're not focusing on running the business, you're building a mansion. >> a good year you're spending two to three weeks max on a yacht. >> that's a pretty good year. >> the cost/benefit analysis, to spend $3 million on something you use two, three days that is a huge amount of money and it's a big distraction. you don't see guys mic mark zuckerberg buying yachts. >> we pan this idea.
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