I remember a quote from Druckenmiller in an interview that went along the following lines:

"$GOOG's search engine is probably the best business that I have ever looked into. They generate so much money that they sometimes waste it on other projects."

What happens when those "other projects" start to pay off? You get a high growth high quality company with a market cap of nearly $2T

Why don't I own this beast? No idea.

P.s: the quote is not exactly like that, I just can´t find it now.
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Gabriel Kaplan's avatar
GOOGL is ~12% of my aggregate client's accounts. My largest position. This is a massive company with tentacles everywhere.
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Leandro's avatar
@invesquotesOctober 27
Author
@strategicinvestors absolutely agree! I use Youtube much much more than $NFLX for example
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Cissy Hu's avatar
@cissyOctober 27
It's incredible how many subsidiaries $GOOGL has varying from several venture funds to their moonshot bets (x, Waymo, Wing, etc.) All the revenue they generate from the ads business gets funneled into their long-term moonshots
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Michael Panebianco's avatar
Hi @invesquotes, @strategicinvestors, and @cissy. Hopefully I can pick your brains?

At the moment, none of my positions are open for more than 30 days due to my trading style and strategy. This format suits me and I greatly enjoy it but, like many other traders/investors, I have some rough patches :) And I feel now is the time for to start exploring some longer-term holdings to help weather those storms.

I understand that Google is a good option for this (and I suspect I'll also have $MSFT) but so that I can practice/learn and hopefully begin to identify a few on my own, would you be happy to share a few pointers are to what makes you choose a position for a longer-term holding?

Thank you all very much!
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