Thursday, May 8, 2008

If p then q, or a consideration of causality

Instead of drinking Red Bull, I watch Fast Money.

And lately, I have observed, among several of the Fast Money traders, an opinion of Google that would appear interesting to anyone who puts out a blog called, "The Google Opinion". The feeling is that the Google brothers are nouveau riche flakes whose zany projects, like going to the moon, infect the whole organization with zaniness not to be tolerated by acceptable corporate governance.

Macke and that grinning snake, Tim Seymore, are the main miscreants who take this line. Ratigan doesn't care, of course, but if asked would probably say that he likes Google. Finerman would say that she would like Google, but it's not on her list. Adami looks at the camera in wonderment. But Najarian openly admits that he likes Google and will give you fifty reasons why. Bless his big bald head, he gets it.

Macke doesn't understand what Google is all about. He doesn't realize that all the cockamamie activities are directed toward one objective: capturing eyeballs, and charging advertisers for them. It's all about the buzz.

Macke frets because Google doesn't really make anything, like an IPhone. Seymore is contemptuous because Google doesn't sell something it dug out of the earth, like potash. To them, Google lacks manliness.

And that's why shlubs like you and me can still get into GOOG at decent prices.

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