Speaker unverified: belief

Transcript context

…And then another question is, did Booking need a capital infusion from Priceline? Or what if on their own they just sort of continually reinvested their profits in the business and sort of this aggressive Amazon-style way? Is there any way they could have grown to be the scale that they are today? Or would they have sort of lost out in the arms race of competition? It sure seems to me like Booking could have done this on its own. Booking didn’t need Priceline to achieve the scale that it did. I think again it’s testament to Glenn’s judgment and acumen in finding the company and seeing the opportunity here. But I think that’s an opportunity that was available to any financial investor. Yeah. At the same, I think this might be a good lead in to tech themes. We’re always just trying to get into tech themes on this show.…

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