No. of Recommendations: 4
I, too, find the heavy purchases of Google at a rich valuation to be a bit concerning. It signals a conviction that the business will be a rapid compounder for decades to come. Being confident and correct about events that far in the future is hard, to say the least.
That said, Google is a stock that is probably very, very high up on many stock pickers' lists of companies they wish they'd owned going back decades, it's definitely on mine, and while this wasn't the most attractive entry point of the last few years, the 6% discount to market price was nice.
