Thursday, November 24, 2005

I am a hypocrite because I never bought GOOG

Whenever I read news about Google, it's like reading about an ex-girlfriend. Their new 300,000+ sq foot New York office, or the private 767 that Larry and Serg bought? It figures. So typical. We should have been together. I never bought the stock and I am a hypocrite.

And now She (GOOG), my fictional ex-girlfriend, is way north of 400. A $120 billion dollar beauty.

Did I tell you that I got everybody in my office to start using Gmail and stop using Outlook? We made the switch, like, a year ago. And I carry around a Google water bottle everywhere I go, under the context that I love drinking water (which I do). It's a Nalgene co-brand that I got at the Google store when I bought my Google polo last year before going to India to learn about outsourcing. I loved wearing my Google polo around Bombay and Pune - especially to the golf course - wondering if anybody would notice and accidentally think that I worked for the mothership.

But I never bought the stock. Not at 100, not at 190, 250 or even 300. I never bought the stock for the one company that I really believed in last year. I still have a lot to learn about investing.

I thought that at $50 billion, Google's market valuation was a little presumptious for 2005, even for gifted people like me who can see the future (modest, I know).

I guess I'm scared to commit.

 
Comments:
Don't feel too bad. Google took a lot of people by surprise, myself included. I wanted to short it at $150...
 

Don't let it wear you out. I've been in the investment banking field for over 20 years and while GOOG is a great story I see one or two a year. Time will tell if GOOG is worthy of this price.
 

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