Google Is a Secular Short
The smartest investors in the world are piling into Google parent Alphabet's stock. They may be wrong.
The smartest investors in the world are piling into Google parent Alphabet’s stock.
Warren Buffett recently confirmed that he initiated Berkshire Hathaway’s purchase of Alphabet shares, including a $10 billion private placement last month.
Chris Hohn, who has one of the best track records of any fund manager in history and ran the world’s most profitable hedge fund last year, sold most of his Microsoft position earlier this year and bought more Alphabet stock.
But these storied investors may be wrong. Deeply wrong.
In an AI world, Google’s underlying fundamentals and the durability of its competitive advantage are built on quicksand. The cracks in the foundation are starting to show.
