$GOOG's $85B Raise Is a Warning Shot to AI Competitors
$Alphabet(GOOG)$ raising $85 billion at peak hype is brilliant.
They can now watch competitors scrounge to either dilute with equity or watch rising debt costs eat their business.
I wouldn’t want to be a neocloud up against that beast.
The Asymmetric Portfolio has been underperforming the market all year because I have no semi/memory/chip exposure outside of $GOOG.
Frankly, I'm not buying the bubble.
BUT now that we have a big selloff in bubbl-y stocks, I'm up 2% and the market is down 1%.
Time will show the slow and steady approach of buying great companies at reasonable prices will win. FOMO has a bad connotation for a reason.
On the internet, the power goes to the company people CHOOSE to interact with every day.
$Netflix(NFLX)$ in streaming
$Alphabet(GOOG)$ in search/mail
$Apple(AAPL)$ in hardware
$Uber(UBER)$ in ride-sharing
$Amazon.com(AMZN)$ in retail
$Intuit(INTU)$ for taxes
Moats don't look like they did in the 80s and 90s.
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